C114 YORK, January 14 pm news (Zhang Yue-hong) The World Bank Group International Finance Corporation (IFC) announced that it will spend $ 3,000,000 acquisition of the West Bank and Gaza Strip, the second largest mobile operator Wataniya Palestine (Wataniya Palestine) the public offering.
IFC's investment accounts for about 1% stake in Wataniya Palestine to help Wataniya in the West Bank and Gaza to improve the network coverage area, for economic growth, expand business opportunities provided support.
IFC said, adding that their investment will enhance the attractiveness of the Palestinian stock exchange, so that more long-term international investors into the market.
Wataniya Mobile said President Mohammad Mustafa, IFC's investment is Wataniya Mobile the Palestinian economy and the confidence, there is no doubt that this will bring the company more financial strength for future expansion of network infrastructure, push more services to provide a solid financial security.
Wataniya Palestine is the Palestinian Investment Fund, a joint venture with Wataniya Telecom, Wataniya Telecom Qatar Telecom Holding.
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