Qatar has made an offer to buy Saudi Oger’s 55% stake in Oger Telecom, Cell C’s parent company, according to a report from wire service Reuters, which quotes unnamed sources reportedly familiar with the matter.
The deal, if it happens, will give Qatar control of Turkey’s Turk Telecom and Cell C. Saudi Oger is controlled by the family of late Lebanese Prime Minister Rafik al-Hariri.
Reuters reckons the value of the Turk Telecom stake alone is at least US$8,6bn.
The news wire says that Qatar, through its sovereign wealth fund, has “emerged as one of the world’s most aggressive investors, snapping up stakes in high-profile names such as German car makers Porsche and Volkswagen and has bought positions in banks and high-end property in major markets”.
Qatar Telecom is not involved in the talks but may do so if the deal is concluded, Reuters says. — Staff reporter, TechCentral
- Full Reuters report
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