Kuwait poised to select mobile winner

Posted by Blog Sheikh on November 23, 2007

Link: Kuwait poised to select mobile winner

Nine firms and consortiums have made bids for a stake in Kuwait’s new, unnamed, third mobile telephone firm, the company’s founding committee said on Wednesday, adding that the winner will be announced on Tuesday. “The bidders who met the minimum requirements … will be sent an invitation to participate in a public bid presentation, which will be held on November 27,” it said in a statement. “The winning bidder, that has submitted the highest bid for the 26% share, will also be announced.” The bidders include the Arab world’s largest telecom firm by market value, Saudi Telecom, UAE’s Emirates Telecommunications (Etisalat), and Turkey’s Turkcell, the committee said in a statement.

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