Qatar Telecom (QTel) may increase stake in Philippines thru Liberty Telecoms

Photo by glenn_almonte at Flickr.com

Qtel may raise its shareholding in the Philippines’ Liberty Telecoms company and is discussing further expansion of the mobile broadband venture with local partner San Miguel Corporation, according to reports from the Reuters news agency.

Qatar’s dominant telco currently has a 32.7% stake in Liberty, while San Miguel holds 33% of the holding company, which is valued on the market at just under US$110 million. Its subsidiary, Liberty Broadcast Networks, operates a WiMax based Wi-Tribe 4G broadband service which launched in February, following similar ventures by Qtel and Saudi Arabia’s A A Tukri Group (Atco) in Jordan and Pakistan.

Read more at Rapid TV News