Qatar's sovereign wealth fund said on Wednesday it plans to merge the telecommunications businesses of Qatar National Broadband Network (QNBN) and Gulf Bridge International (GBI), to build a national leader.
The Qatar Investment Authority (QIA) is seeking to combine QNBN’s domestic fiber network with GBI’s international submarine and terrestrial cables, which it said would create a digital and AI infrastructure leader.
QIA plans to position Qatar "as a leading digital hub both regionally and globally and connect Qatar to the world," chief executive Mansoor Ebrahim Al-Mahmoud said in the statement.
"Our long-term vision is to create a digital infrastructure champion, unlocking new opportunities,” the chairman of QNBN and GBI was quoted as saying.
