QTEL pays over $ 50 Million to Note holders Next Month

Doha, November 16 (QNA) - Qatar Telecom (QTEL) announced today that QTEL International Finance Limited (QIFL), its wholly owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Global Medium Term Note (GMTN) holders interest payments on 9 December 2011. QTEL said in statement Wednesday that it will pay Note holders of US.$ $900,000,000 6.50 per cent. Guaranteed Notes due 2014, an amount of U.S.$ 29,250,000.00 on the Interest Payment Date falling due on 9 December 2011. The company also said that it will pay Note holders of U.S.$ $600,000,000 7.875 per cent. Guaranteed Notes due 2019, an amount of U.S$ 23,625,000.00 on the Interest Payment Date falling due on 9 December 2011. (QNA)