Telecoms privatisation is an important part of the governments efforts to cut its huge debt. In October the cabinet agreed on the terms for the auction of two 20-year licences to manage the networks, on a revenue-sharing basis for 10 years. Telecoms are one of Lebanon’s most attractive state assets because of the country’s high subscription and usage rates (MEED 16:8:02). Each network’s information system processes more than 3 million calls on an average day.