An Iraqi court has lifted a freeze on revenues of Zain Iraq, the company's Kuwaiti parent Zain said on Tuesday, after a $4.5 billion lawsuit against the Iraqi firm was dismissed earlier this month.
A statement to the Kuwaiti b
Bahrain has no plans to issue a fourth mobile network operator licence, said a senior government official, adding that the project will have no economic feasibility.
“Most countries have two to three operators at the most,&r
Zain is being sued for $4.5 billion over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday.
Zain bought Iraqna for $1.2 billion from Orascom Telecom in December 2007 after the
The price offered to fixed line monopoly operator Telecom Egypt for a mobile licence is 2.5 billion Egyptian pounds ($360 million), the country's telecommunications minister Atef Helmy said at news conference on Wednesday.
Egypt's landline monopoly Telecom Egypt expects a newly-formed government to grant it a licence to provide mobile services this month or next, the state-controlled company's chief executive said on Wednesday.
Landline monopoly Telecom Egypt is confident the government will grant it a licence to provide mobile services by the end of the year, its chief executive said on Wednesday.
"We see a reason to be confident that such a licenc
Egypt's Orascom Telecom said on Wednesday its majority-owned Zimbabwe subsidiary had renewed its mobile operating licence for 20 years.
But it did not say whether it had agreed to a demand by the Zimbabwe government that it cu
Saudi Telecom Company (STC) is optimistic about winning Syria's third mobile licence, the Saudi carrier's chief executive said on Monday.
'Officially, we have received from them that they will inform us of the next date for ope
Saudi Telecom (STC) has submitted its technical and operational offer for Syria's third mobile licence, the firm said in a bourse statement on Saturday.
STC is one of five firms to qualify for the Syria licence auction, along with Qata
Iraq hopes to auction a fourth mobile phone operator licence for around $2 billion by the end of the year and will spend $500 million on upgrading battered infrastructure, the communications minister has said.
Mohammed Allawi said Iraq aim