|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
Qatar Telecom says it has increased its share in the Iraqi phone service provider Asiacell from 53.9 percent to 64.06 percent after a successful public offering for a quarter of the Iraqi company's shares.
Qtel chairman Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani said on Monday that Asiacell is "an outstanding business and has seen excellent performance" year after year.
Asiacell raised nearly $1.3 billion on Baghdad's small stock exchange Sunday in one of the region's biggest share offers in years. The sale more than doubled the market capitalization of the low-volume stock market from $4.7 billion to $9.65 billion.
Qtel is majority-owned by the Qatari government. It has more than 83 million customers in the Middle East, North Africa and Asia.
Asiacell has nearly 10 million subscribers in Iraq.