Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

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

with 2 comments

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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

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Written by Raffy Pekson II

October 14, 2010 at 7:28 pm

2 Responses

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  1. broadband services these days are getting and cheaper and faster too, very soon we would have an affordable Gigabit internet *

    Like

    Sheet Plastic :

    October 31, 2010 at 10:19 am

  2. most broadband services are crappy, they can’t maintain high data transfer rates ,.`

    Like

    Mobile Hard Drive

    November 24, 2010 at 5:40 pm


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