01-09-2008

Qatar Telecom (“Qtel”) today issued a clarification regarding recent media reports linking Qtel with a bid for the third mobile operator license in Iran.
 
Qtel continues to explore international options for investment, considering strategic opportunities as they present themselves, in line with its vision to be among the top 20 telecommunications companies in the world by 2020. As a communications market with significant potential for growth and development, the Islamic Republic of Iran represents a potential area of investment opportunity.
 
Contrary to recent media reports, Qtel has not entered into any partnership in relation to this project. At the present time, it is studying the opportunity and will announce its intentions upon completion of its review.