QTel making a move to become one of the world’s top 20 telcos (Qatar)According to the Chairman of Qatar Telecom, Qatar Telecom intends to pursue its rapid expansion policy to achieve its goal of becoming one of the world’s top 20 telecoms companies by market capitalisation by 2020.
Sheikh Abdulla bin Muhammad bin Saud Al Thani said that QTel’s buying spree will continue unabated. Its market cap has more than quadrupled to US$18 billion from US$4billion and its presence has grown from one country to 16 in the past three-and-a-half years.
Sheikh further added that overseas activity does not mean that QTel will neglect its home market where Vodafone bought the licence to become the country’s second mobile operator and will start operating within seven months.
