Lebanon's telecommunications minister, Charbel Nahas has said that a decision will be made by the end of the year on how to sell two mobile phone operators, which previous governments had hoped would raise as much as $7bn, Bloomberg has reported. Plans to sell the mobile phone companies were put on hold due to an 18-month political crisis that eased in May 2008 and later by the global credit crisis and parliamentary elections in June of last year. "The process of bringing in investors has different techniques and it can be an IPO or a mix that includes a strategic partner," Nahas said.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time for MGS package revised prices
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.