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Qatar Telecom acquires 38.2% stake in NavLink, rovider of managed data services in the Middle East
November 21, 2006
DOHA, Qatar -- Qtel (Qatar Telecom) today announced that it has signed an agreement to acquire a strategic stake in NavLink, a leading provider of managed data services to businesses in the Middle East. Qtel will hold an equity stake (38.2%) in the business, joining AT&T Inc.
This investment will allow Qtel to strengthen its existing strategic relationships with AT&T and NavLink such as the recently announced world-class data centre in Doha that hosts the first Middle Eastern node of AT&T’s global network.
Dr Nasser, CEO at Qtel said, "This deal is a major step-forward in our strategy to become a significant player in the region's Enterprise Data Market and to provide our customers with true world-class network solutions. Working in partnership with AT&T and NavLink means we can provide our corporate customers here in the Middle East with advanced business solutions and at the same time deliver unparalleled reach out into the global market through AT&T's global network.”
Qatar Telecom QSC (Qtel)
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