Qtel Rules Out Acquisitions In The Short Term But Syria And Libya Remain On The Cards

Qtel Group's CEO, Nasser Marafih, revealed to regional business daily Arabia Business that the company has no plans for acquisitions in the near term, but will focus on developing broadband infrastructure in all its international markets and on obtaining 3G licences in countries that do not have the technology. The Qatari incumbent's decision is primarily based on high valuation of telecoms assets, although CFW believes the difficulty of financing expensive deals under the current political climate in the Middle East and uncertainty in the global economic environment are key factors that have reduced the company's appetite for M&A activity.

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