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Qtel eyes Iraq’s Asiacell

Dinesh Nair reports for Reuters:

Qatar Telecom (Qtel), the Gulf state's former monopoly, plans to buy out a private equity partner's 19-percent stake in Iraqi telecoms operator Asiacell, two banking sources familiar with the matter said on Tuesday.

Qtel has a 30-percent stake in Asiacell, Iraq's number two operator, while its partner MerchantBridge has 19 percent ownership of the Iraqi telco.

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