Vodafone to Sell Shares in Qatar Subsidiary This Year
Link: Vodafone to Sell Shares in Qatar Subsidiary This Year
Another Link: Vodafone’s Qatari unit set for flotation
Related Link: Vodafone pushes ahead with plan to start mobile operations in Qatar this year
Vodafone Group Plc will sell shares in its Qatar subsidiary, the Financial Times reported, citing company sources it didn’t identify. Vodafone may sell about 20 percent of Vodafone Qatar in an initial public offering before the year’s end, the newspaper reported on its Web site today. Vodafone didn’t estimate how much a share sale might raise, the paper said. Qatar, the last Arab nation to open its telecommunications market to competition, has 1.4 mobile customers and is expected to double its population in 15 years as it builds up a financial- services centre expected to attract expatriates, the paper said. Vodafone may become a minority shareholder while retaining the largest stake after the share sale in Vodafone Qatar. It currently holds 51 percent of the rights to become the country’s second mobile-phone operator, with the balance held by Qatar Foundation, a non-profit-making body founded by Sheikh Hamad bin Khalifa Al-Thani, the country’s ruler, the paper said.
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