Etisalat has bought Qatar Telecom (Qtel) shares worth Dh69 million (US$18.7m) in a rights issue completed by the Qatari operator.
The UAE-based telecommunications firmsubscribed to the shares at a price of 75 Qatari riyals each, it said in a statement to the Abu Dhabi Securities Exchange.
Qtel said on Monday that it had completed a rights issue worth 6.8 billion Qatari riyals (Dh6.8bn), which was fully subscribed.
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