Iraq opens up mobile contracts to Europe (The Times)
The Times reported that Iraq will invite European Telecom operators to bid for existing licenses rather than automatically renewing existing ones.
The Government says that the licences could sell for up to $1 billion (Pounds 550 million) each.
Demand for mobiles has been strong since the war ended. Experts say there is huge potential in the market. Iraqna, Orascom's Iraq unit, has one million subscribers and plans to reach 1.5 million this year.
Comments: Telecom operators will still be reluctant to bid for licenses given the security situation in Iraq. Nevertheless, this may be a catalyst in extracting larger bids from exisiting operators.
The Government says that the licences could sell for up to $1 billion (Pounds 550 million) each.
Demand for mobiles has been strong since the war ended. Experts say there is huge potential in the market. Iraqna, Orascom's Iraq unit, has one million subscribers and plans to reach 1.5 million this year.
Comments: Telecom operators will still be reluctant to bid for licenses given the security situation in Iraq. Nevertheless, this may be a catalyst in extracting larger bids from exisiting operators.
posted by Double M at 1:17 PM
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