Nine bidders compete for Kuwait mobile licence

Nine bidders compete for Kuwait mobile licence



November 23, 2015

Kuwait is selling a 26% stake in what will become the country's third mobile operator. Nine groups have submitted offers, including a number of major regional telecoms operators, including Saudi Telecom, Etisalat and Turkcell

Government institutions will hold 24% of the company’s shares, while the remaining 50% will be sold off through an initial public offering.

The deadline for applications has expired, and the bids have been evaluated. Those that met the terms and conditions of the tender will be sent an invitation inviting them to participate in a public bid presentation, to be held on November 27.

The financial bids will be opened for the first time at the presentation, with the stake going to the highest bidder.

Kuwait-listed companies have been allowed by the Kuwait Investment Authority to bid for the licence without the need for a telecoms operator partner.

The Kuwaiti market is not big but competition is very high. The new player will compete with existing mobile operators Zain (formerly known as MTC) and Wataniya Telecom, both of which are facing increasing pressure as the market approaches saturation.

Tim Yeo

Related Posts

Clickatell announce RSA partnership

Comments Off on Clickatell announce RSA partnership

Ubiquisys and picoChip announce Femtocell developments

Comments Off on Ubiquisys and picoChip announce Femtocell developments

Frost & Sullivan Award Aastra For Growth

Comments Off on Frost & Sullivan Award Aastra For Growth

Timico offers High-Speed Internet solutions

Comments Off on Timico offers High-Speed Internet solutions

Broadband reliability and service more important than speed

Comments Off on Broadband reliability and service more important than speed

Tiscali confirms BskyB takeover rumours

Comments Off on Tiscali confirms BskyB takeover rumours

Google Maps to display money-off vouchers

Comments Off on Google Maps to display money-off vouchers

HSL Giving Away Free Femtocells

Comments Off on HSL Giving Away Free Femtocells

UK broadband connections now over 14 million

Comments Off on UK broadband connections now over 14 million

iPhone 2.0 to be unveiled today

Comments Off on iPhone 2.0 to be unveiled today

TechFaith aims to ship 1.5 million phones this year

Comments Off on TechFaith aims to ship 1.5 million phones this year

New UK ISP launched – Jungle247

Comments Off on New UK ISP launched – Jungle247

Create Account



Log In Your Account