Qtel to form partnership with domestic wealth fund

Qtel is in talks to form a joint investment venture with the country’s sovereign wealth fund, according to a report from Reuters.

“The company confirms that it is in discussion with the Qatar Investment Authority regarding the establishment of a joint investment vehicle, the details of which are yet to be finalised,” Qtel said in an emailed statement.

“The potential fund would not, however, represent any change to Qtel’s existing strategy and would be focussed on telecom and telecom-related ventures. Further details will be released in due course,” the statement added.

Qtel operates in 17 countries in the Middle East, Africa and Asia, and is 55 per cent owned by the Qatar Investment Authority.