Thursday 14 October 2010

Business - Qatar firm eyes hike in Liberty stake - INQUIRER.net

Qatar Telecom QSC is looking at further increasing its stake in listed firm Liberty Telecommunications Holdings Inc., up to the maximum level allowed by Philippine law, the company’s top executive said.

In an interview with reporters Wednesday, QTel chairman Abdul Bin Saud Al-Thani said prospects in the Philippine telecommunications industry were so good that new investments would have to be made, especially on the data side of the business.

Key technologies that QTel was looking at, he said, included further advancements in global system for mobile communications (GSM) technology and next-generation mobile wireless broadband technology long-term evolution (LTE).

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