Qtel plans rapid expansion, continues a buying spree (Qatar)Qtel has planned to continue a buying spree to reach its set goal of being one of the world’s top 20 telecoms firms by market capitalisation by 2020.
“I think we’re going at the right pace,” said, Qtel Chairman Sheikh Abdullah bin Mohammed bin Saud al-Thani.
“It’s well-studied, well-measured. Just look at our record and we’ll keep going at the same speed,” he said.
According to Sheikh Abdullah, the firm will not engage in self important expansion rather than buying stakes in companies in its core areas.
Qtel recently acquired a stake in Kuwait’s National Mobile Telecommunications Co.
