Qtel looking to increase Liberty Telecoms stake

14 Oct 2010

Qatar Telecom (Qtel) is looking to increase its equity stake in Filipino operator Liberty Telecoms, its chairman Sheikh Abdullah Bin Saud Al-Thani said yesterday. The Qtel official told reporters that his firm is fully committed to the company and is in talks with Liberty co-owner San Miguel Corp with a view to increasing its 32.7% holding. San Miguel, one of the one of the Philippines’ oldest conglomerates, holds 33% of Liberty, which was dormant until Qtel and San Miguel invested in the operator last year. Liberty Telecoms focuses on wireless broadband services and has a current market valuation of around USD110 million. It launched 4G wireless broadband services in February this year under the Wi-Tribe brand. At the end of March 2010 Liberty announced that it had signed up 1,000 subscribers to its pre-commercial WiMAX trials, with full commercial launch set to follow.

Philippines, Liberty Telecoms Holdings (Tori Spectrum, formerly Wi-Tribe), Ooredoo Group