Kuwaiti conglomerate lines up for Lebanese licence

17 Sep 2008

Middle East Business Intelligence writes that Kuwaiti conglomerate Noor Financial Investment plans to bid for one of the two state-owned Lebanese mobile phone operators that are scheduled to be sold off next year, quoting the industrial group’s deputy chairman Nasser al-Merri. According to the Lebanese government at least ten international telecoms operators have registered their interest in taking part in the privatisation, including the UAE’s Etisalat, Egypt’s Orascom Telecom, Qatar’s Qtel, Saudi Telecom and Kuwait’s Zain (which already manages one of the state-owned networks under the name MTC Touch Lebanon).