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Vodafone sells out of Qatar for €301 million, brand wil remain

vodafone ter


Eye Witness News

Vodafone said on Monday it would sell its stake in Vodafone Qatar VFQS.QA to its joint venture partner, the Qatar Foundation, for €301 million but keep its red brand present in the country under a future partnership deal.

Qatar has faced an embargo from Arab countries since June last year and the business has not been one of the stronger performers in the Vodafone portfolio, but a person familiar with the situation said the decision stemmed from its wider move to sell assets it did not control.

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