Wataniya prepares for launch

22 Nov 2007

Wataniya Palestine is preparing to launch GSM services in the Palestinian Territories in early 2008, according to ArabianBusiness.com which cites the parent company Qtel’s CEO Dr Naser Marafih. ‘We are in the final stages of preparing to launch our services in Palestine. We have started preparing the ground for the launch and we are just waiting for the final approval for the documentation,’ Marafih said.

According to TeleGeography’s Globalcomms Wataniya was declared the highest bidder for a combined 2G and 3G cellular concession in September 2006, with a reported bid of JOD251 million (USD354 million). The following March it signed a licence agreement with the regulator, the MTIT and last month was awarded mobile frequencies by Israel’s Communications Ministry. Wataniya Palestine is 40% owned by Wataniya Telecom (NMTC) of Kuwait and the Palestine Investment Front (30%). The remaining shares will be sold off via an IPO to be held at a later date. Qatar Telecom acquired 51% of Wataniya Telecom for USD3.7 billion in March 2007.

Palestinian Territory, Ooredoo Palestine