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Wednesday, 3 May 2017

Ooredoo to Shun Telecom Acquisitions as Competition Heats Up - Bloomberg

Ooredoo to Shun Telecom Acquisitions as Competition Heats Up - Bloomberg:

"Ooredoo QSC, the Qatari-owned phone carrier, wants to focus on the 10 countries where it operates rather than grow through acquisitions in the telecommunications business, according to Deputy Chief Executive Officer Waleed Al Sayed. Ooredoo, the sixth-biggest telecommunications company in the Middle East and Africa, has no plans to buy phone carriers although it is considering purchases in technology services, Al Sayed said in a phone interview from Doha. Ooredoo is currently negotiating to buy a majority stake in Salam Technology, and the deal may close in the second quarter, he said."



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