Qtel & San Miguel Corp. sign a MoU (Qatar, Philippines)
Qtel is in alliance with Philippines’ San Miguel Corporation have signed a memorandum of understanding (MoU). Peter Favila, Philippines Department of Trade and Industry Secretary, said, “Qtel expressed its interest to invest in Southeast Asia. The company was looking for a partner with money, who understands the Philippine market, so they picked the Philippines.”
“Qtel is looking to increase its profile within the Republic of the Philippines and the environment appears increasingly open to external investment and the provision of communication services. We see huge opportunities for growth and partnership within the Philippines. The meeting offered an important opportunity for Qtel to share its ambitions and obligations to the people there,” said Al Thani, Qtel’s Chairman.
Both the companies will begin exploring opportunities in the wireless broadband, mobile and mobile broadband sectors in the Philippines.
