Saudi Oger acquires Romanian operator Telemobil
(TP) Saudi Arabia-based Saudi Oger has acquired Romanian mobile operator Telemobil (Zapp), according to Romanian news site Hotnews. Saudi Oger acquired 50 percent of the Inquam Limited shares from US-based Qualcomm. Saudi Oger already owned 50 percent of Telemobil’s subisidiary Inquam through its investment fund Omnia Holdings. Both parties involved have not made public the terms of the transaction. Telemobil recently won the licence for a UMTS spectrum in the 2100 MHz band and will shortly begin expanding its network utilising this frequency. in 2001, Telemobil launched a 450 MHz CDMA network developed by Qualcomm. Saudi Oger is a group controlled by the family of the former Lebanese prime minister Rafic Hariri. Saudi Oger is the main shareholder of Oger Telecom.
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