Standard & Poor's increases Qtel's rating to 'A'

Doha, Qatar, 7 July 2010:  Qatar Telecom (Qtel) Q.S.C. ("Qtel" or "the Qtel Group") (EPIC: QTEL.QA) announced today that Standard and Poor's ("S&P") have increased their credit ratings on Qtel. The long term rating has increased to 'A' from 'A-' and the short-term rating to 'A-1' from 'A-2'. The outlook remains stable. The announcement follows S&P's upgrade on the sovereign ratings of the State of Qatar.

The rating is supported by Qtel's market position, cash flow generation, international diversification and Government support.

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About Qtel
Qatar Telecom (Qtel) is a diversified telecommunications company with a presence in 17 countries, providing voice and data services to people and businesses, and bringing advanced technology to more than 60 million customers. We are committed to expansion in the MENA region, where we are the largest telecommunications company by number of operations, and South East Asia. Our vision is to be among the top 20 telecommunications companies in the world by 2020. 

© Press Release 2010