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DUBAI, Jan 19 (Reuters) - Qatar Telecom (Qtel), the Gulf state's former monopoly, plans to buy out a private equity partner's 19-percent stake in Iraqi telecoms operator Asiacell, two banking sources familiar with the matter said on Tuesday.
Qtel has a 30-percent stake in Asiacell, Iraq's number two operator, while its partner MerchantBridge has 19 percent ownership of the Iraqi telco.
Morgan Stanley is assisting Qtel in the process, while London-based MerchantBridge is being advised by Credit Suisse on the sale, the sources said, speaking on condition of anonymity.
In October, Asiacell appointed HSBC and Morgan Stanley to manage an initial public offering in Iraq. A potential sale of MerchantBridge's stake was likely to happen before the IPO, the sources said.
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Qtel has a 30-percent stake in Asiacell, Iraq's number two operator, while its partner MerchantBridge has 19 percent ownership of the Iraqi telco.
Morgan Stanley is assisting Qtel in the process, while London-based MerchantBridge is being advised by Credit Suisse on the sale, the sources said, speaking on condition of anonymity.
In October, Asiacell appointed HSBC and Morgan Stanley to manage an initial public offering in Iraq. A potential sale of MerchantBridge's stake was likely to happen before the IPO, the sources said.
[You must be registered and logged in to see this link.]
