Qatar Telecom (Qtel) is looking to increase its equity stake in Filipino operator Liberty Telecoms, its chairman Sheikh Abdullah Bin Saud Al-Thani said yesterday. The Qtel official told reporters that his firm is fully committed to the company and is in talks with Liberty co-owner San Miguel Corp with a view to increasing its 32.7% holding. San Miguel, one of the one of the Philippines’ oldest conglomerates, holds 33% of Liberty, which was dormant until Qtel and San Miguel invested in the operator last year. Liberty Telecoms focuses on wireless broadband services and has a current market valuation of around USD110 million. It launched 4G wireless broadband services in February this year under the Wi-Tribe brand. At the end of March 2010 Liberty announced that it had signed up 1,000 subscribers to its pre-commercial WiMAX trials, with full commercial launch set to follow.
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