(MENAFN) Vodafone Qatar announced its decision to cancel is bid to acquire Internet provider Qatar National Broadband Network (Qnbn), The Peninsula Qatar reported.
In October, Vodafone entered into a non-binding Heads of Agreement with Information Communication Technology Holdings QSC to acquiring the entire issued and paid up share capital of Qnbn.
"Following a due diligence and negotiation process, the parties have determined not to proceed with the transaction", Vodafone Qatar said in a press note form published.
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