Q-Tel Issues Press Release On Substantial Changes in Shareholding in Major Investments''

Doha, March 20 (QNA) -Qtel comments on recent media reports about a potential acquisition of Merchant Bridge s stake in Iraq's Asiacell Company. The Qatar Financial Markets Authority has requested Qtel to clarify recent media coverage regarding the company s interest to acquiring Merchant Bridge s stake in Asiacell. ''If and when an agreement is reached on substantial changes in shareholding in major investments'', Qtel will issue a press release as required by the market regulations, a press release issued here Tuesday said. It is Qtel's policy not to comment on market rumours of this kind. Qtel continuously reviews its stakes in its investments to determine whether opportunities exist to adjust its investment to an optimum level. Such adjustments are frequently discussed among shareholders, often for more than one year. (QNA)