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Monday, 09 November 2009 01:06 UAE time

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Kuwait sets yet another date for mobile bid

by Reuters on Wednesday, 07 November 2007
(Getty Images)
(Getty Images)

Kuwait said on Tuesday foreign telecom operators and local companies have until November 18 to bid for a stake in the country's third mobile phone firm, an executive said on Tuesday.

The Kuwait Investment Authority (KIA), which is managing the sale of the 26% stake, had received 500 inquiries about the sale, state news agency Kuna quoted Adel Al-Roumi, chairman of the founding committee for third operator, as saying.

The new operator would compete with Mobile Telecommunications (Zain) and National Mobile Telecommunications (Wataniya).

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