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Vodafone Agrees To Buy Qatar National Broadband Network

Vodafone Qatar has agreed to buy state owned Qatar National Broadband Network. The deal is expected to close by the end of 2014. Vodafone is buying the first at $2.75 per share, which values the deal at $55 million. In a statement Vodafone said, "Completion of the transaction is conditional upon regulatory approvals and consents, complation of due diligence, agreement on the consideration payable, the arrangement and provision of funding to finance the acquisition and entry into of a definitive share purchase agreement."