AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,659 Increased By 569.2 (5.64%)
BR30 31,331 Increased By 1822.5 (6.18%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

Kuwait's Mobile Telecommunications Co (MTC) said on Saturday it was interested in bidding for Qatar's second mobile phone licence. "Yes, it's true. We are investigating.
We are very interested in finding out more details, the process, what's the opportunity," an MTC spokesman said when asked about a report in al-Rai, which quoted MTC's Chief Executive Saad al-Barrak as saying the firm planned to compete for the licence.
Barrak told Kuwaiti daily al Rai he expects intense and tough competition for the Qatari mobile license, expected to be awarded in the last quarter of this year.
Qatar's Supreme Council for Information & Technology Communication is finalising a list of firms after receiving prequalification applications on May 27. Pre-qualified companies will be invited to submit technical and commercial offers by July with a final award expected in November.
The licence will end Qatar Telecom's monopoly in the saturated market, which has a mobile penetration rate in excess of 100 per cent.
The spokesman said MTC, which has expanded strongly in the Middle East and Africa, was investigating any new opportunity, with Qatar being an interesting market in the backyard of its Kuwaiti home market.
Barrak also told the paper the MTC-led consortium, which was declared the highest bidder for Saudi Arabia's third mobile license on March 24, was still waiting for the Saudi cabinet to issue the license. The consortium offered 22.91 billion riyals ($6.11 billion) for the Saudi license.
MTC bought Netherlands-based Celtel, which is operating in 14 sub-Saharan countries, for $3.4 billion in 2005 as part of its expansion.
The spokesman also confirmed Barrak's comments in the newspaper that MTC still planned to list on a European bourse next year but that it would not necessarily be on the London stock exchange.

Copyright Reuters, 2007

Comments

Comments are closed.