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Banking

Qatar Telecommunications acquires 38.2% stake in US IT firm.

Qatar Telecommunications acquires 38.2% stake in US IT firm. Qatar Telecommunications Company (Qtel) has finalised a deal to acquire a 38.2% stake in US based Internet technology firm Navlink. Qatari daily The Peninsula reported that the dealers finalise further value of USD 28mn. AT&T Inc also has a stake in Navlink. Navlink offers services such as Web hosting, messaging and wireless services. Qtel operates a data centre in Doha with AT&T and Navlink.

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