Noor Financial Investment, a Kuwaiti industrial conglomerate, has announced that it plans to bid for one of the two state-owned Lebanese mobile phone operators that are expected to be sold off before November 2009.
"We are bidding for a Lebanon licence," says Nasser al-Merri, deputy chairman of Noor Financial Investment.
At least 10 telecoms operators have told the Lebanese telecoms regulator that they intend to bid for a licence. Five Arab operators have confirmed they will bid. They are the UAE's Etisalat, Egypt's Orascom Telecom, Qatar's Qtel, Saudi Telecom and Kuwait's Zain.
The state-owned networks are currently managed by Zain and Alfa, a joint venture of Deutsche Telekom and Saudi Arabia's Fal Holdings.
You might also like...
Hassan Allam and Siemens confirm Hafeet Rail award
24 April 2024
UAE builds its downstream and chemical sectors
24 April 2024
Acwa Power eyes selective asset sales
24 April 2024
Bahrain mall to install solar carport
24 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.
