Mobile auction put back to next year

26 Nov 2008

Bahrain’s Telecommunications Regulatory Authority (TRA) has extended a deadline for bids for the country’s third mobile network operating licence by six weeks to 11 January 2009, in the hope that financial markets will improve, reports Middle East Business Intelligence (MEED). A statement from the regulator blamed the delay on ‘current abnormal world financial crises and its effect on all sectors of the economy.’