Qtel Looking At Iranian Market

To read the full article, please choose one of the following options:

Qatar Telecom (Qtel), the exclusive telecommunications provider in Qatar, said on September 2 that it is studying the possibility of bidding for Iran's third mobile license, in an attempt to expand into new markets. In a statement to the Doha bourse, it said that 'as a communications market with a significant potential for growth and development, the Islamic Republic of Iran represents a potential area of investment opportunity'. At present Iran's population of 70mn is served by the state operator Iran Telecommunication Company (ITC) and Irancell, which is 49% owned by Sub-Saharan Africa's biggest mobile firm, MTN Group.