RNS Number : 9534B
Qatar Telecom (Q-Tel) Q.S.C.
24 April 2012
Qatar Telecom (Qtel) Q.S.C.
24 April 2012, Doha, Qatar
Qtel Clarifies Media Reports Regarding Refinancing Requirements
Qatar Telecom (Qtel) Q.S.C. clarified recent media reports regarding its refinancing requirements. Qtel stated that it does not have any immediate refinancing requirements and accordingly is not undertaking any refinancing at this time. Current year maturities will be addressed using cash on hand. As part of its ongoing financial management strategy, Qtel continually looks to optimize its funding options as part of its capital structure management.
About The Qtel Group
The Qtel Group is a leading international communications company, with a significant presence in the MENA region and Southeast Asia, and having a consolidated customer base of 83 million as of December 2011. It operates a portfolio of brands including Qtel, Indosat, Asiacell, Wataniya, Nawras, Nedjma and Tunisiana.
The Qtel Group's principle activities are mobile telephone services, broadband solutions, digital futures and fibre technologies, serving both consumer and business markets. Headquartered in Doha, Qatar, the Qtel Group is ambitiously growing its global business on the basis of its insights into the needs of customers in emerging markets. Qtel Group's ultimate parent company is Qatar Telecom (Qtel) Q.S.C., whose shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
Not for distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction where to do so would be unlawful. This communication is not an offer of securities for sale in the United States, Australia, Canada, Japan or any other jurisdiction where to do so would be unlawful. Neither Qatar Telecom Q.S.C. nor any of its subsidiaries has registered, or intends to register, securities in any of these jurisdictions or intends to conduct a public offering of securities in any of these jurisdictions. In particular, no securities of Qatar Telecom Q.S.C. or any of its subsidiaries have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws.
Qatar Telecom (Qtel) Q.S.C. cautions investors that certain statements contained in this document state management's intentions, hopes, beliefs, expectations, or predictions of the future are forward-looking statements. Management wishes to caution the reader that forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to: Our ability to manage domestic and international growth and maintain a high level of customer service; Future sales growth; Market acceptance of our product and service offerings; Our ability to secure adequate financing or equity capital to fund our operations; Network expansion; Performance of our network and equipment; Our ability to enter into strategic alliances or transactions; Cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment; Regulatory approval processes; Changes in technology; Price competition; Other market conditions and associated risks.
The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise.
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