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Middle East Public Offer: Qatar Telecom

Article Abstract:

The Dec. 1-14 privatisation of telecom company Qatar Public Telecommunications Corp. raised QR2.7bn (US$742m) in a sale with a fixed price offering of QR60 (US$$16.50) per share. About 30-40% of the shares were sold in Qatar and about 5% of the investments came from outside the Middle East. The deal was a landmark in that Qatari citizens were permitted to buy shares and the interest from the Middle East could set precedents in other Qatari company privatisations.

Comment:

Qatar:Qatar Public Telecommunications Corp. privatisation raises QR2.7bn (US$742m) w/fixed price offer of QR60 (US$16.50)/share

Organizational history, Qatar, Qatar Telecom

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Telecom Italia takeover target

Article Abstract:

Italy's Treasury faced a dilemma when Olivetti made a hostile takeover bid for Telecom Italia at the end of February. The Ministry still owns 3.4% of the formerly state-controlled fixed and mobile telecoms operator, the residual shares left unallocated from the bonus loyalty scheme that was part of the secondary offering in October 1997 and from a non-finalised strategic arrangement with AT&T.

Italy, United States, Asset sales & divestitures, Acquisitions & mergers, Computer and Office Equipment, Office & Computing Machines, Office equipment, Office equipment and supplies industry, Office equipment industry, Telecom Italia S.p.A., Olivetti S.p.A.

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Japanese buy into Indonesian mobiles

Article Abstract:

Nissho Iwai International of Japan is negotiating a 10% stake in Mobile Selular Indonesia (Mobisel) of Indonesia, a cellular communications provider. Mobisel is part owned by Telkom, a telecoms company, and has been awarded a licence to operate an analogue communication system. It is the fourth mobile phone company to seek foreign investment.

Nissho Iwai Corp.

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