Monday 21 October 2013

Qatar's Ooredoo eyes listing in London or other mkts-CEO | Reuters

Qatar's Ooredoo eyes listing in London or other mkts-CEO | Reuters:

"* Co wants to expand investor base, boost share liquidity

* Just 21 pct of stock is in free float

* Qatar listing trades 70,779 shares daily on average

* Indosat unit may sell 5 pct stake in PT Tower Bersama

By Matt Smith

DUBAI, Oct 21 (Reuters) - Ooredoo, Qatar's No.1 telecom operator, may list on the London Stock Exchange or another major bourse as it seeks to attract more liquidity to its shares, its CEO said.

A listing outside the Gulf would also complement the company's push for a bigger international profile, having changed its name from Qatar Telecom in February.

"We have been looking at (a further listing) for some time because one of the issues is the liquidity of the shares - it's not only us, it's most of the companies in the region," Chief Executive Nasser Marafih told Reuters on the sidelines of a conference in Dubai."

'via Blog this'

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