Breaking News


Qtel Offers $2.3 Billion for Wataniya Shares, Al-Rai Says

Qatar Telecom QSC offered to pay about 640 million dinars ($2.3 billion) to purchase shares it doesn’t own in Kuwait’s National Mobile Telecommunications Co., Al-Rai newspaper reported today, citing unidentified people familiar with the matter.

Qatar’s biggest phone company, which holds a 52.5 percent in the Kuwaiti operator, also known as Wataniya Telecom, offered 2.67 dinars a share, the newspaper said.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at

To contact the editor responsible for this story: Shaji Mathew at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.