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.