Qatar Telecom (Qtel) announced yesterday that its QAR6.8 billion (USD1.9 billion) rights issue has been fully subscribed and that it will use part of the proceeds to refinance existing debt, Dow Jones Newswires reports. The company said in an emailed statement that the subscribed new shares will be added to shareholder accounts by 31 May, pending regulatory approvals.
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OVETEL Qtel’s USD1.9bn rights issue fully subscribed
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