Zain, the Kuwaiti telecoms giant, will bid for one of the two mobile licences to be offered in Lebanon in 2008. Communications Minister Marwan Hamada has valued the 20-year licences and the networks that are being sold with them at $3,000 million each (MEED 12:10:07). However, Saad al-Barak, chief executive officer of Zain, says this is more than his firm is willing to pay.
Zain, the Kuwaiti telecoms giant, will bid for one of the two mobile licences to be offered in Lebanon in 2008. Communications Minister Marwan Hamada has valued the 20-year licences and the networks that are being sold with them at $3,000 million each (MEED 12:10:07). However, Saad al-Barak, chief executive officer of Zain, says this is more than his firm is willing to pay.
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