Qatar Telecom has raised 6.8 billion riyals ($1.87 billion) from a fully subscribed rights issue, the firm said in a statement on Tuesday.
The capital will be used for general corporate purposes and to refinance existing debt, according to a regulatory filing to the London Stock Exchange where Qtel has bonds listed.
"Qtel continues to optimise its capital structure to ensure the financial efficiency of the company as it delivers on its strategy," Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Qtel chairman, said.
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