Qatar: Qtel has said it is keen to expand through acquisitions while also growing organically in countries like Tunisia, Algeria, and Iraq where its existing mobile and fixed networks need major investment, Reuters has reported. The Qtari telecoms firm had shifted from the break-neck pace of international expansion that saw it enter 16 countries from Indonesia to Algeria over a decade to a more measured pace, chief executive Nasser Marafih, said. "We have started to show we can create value by running our business, not just buying up companies," said Marafih. He also confirmed reports that Qtel was weighing buying out the 19% stake in Asiacell owned by London-based private equity partner MerchantBridge. [AMEInfo.com]
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