Etisalat expecting Libyan licence by year-end; eyes Lebanese market

9 Dec 2009

Jamal al-Jarwan, head of international investments at UAE-based telco Etisalat has revealed that the company expects to be awarded Libya’s third GSM licence later this month, Reuters reports. The firm is also reportedly interested in expanding to the Lebanese market. Al-Jarwan said: ‘We are waiting for privatisation in Lebanon and would like to take a majority stake in one of the existing two operators there.’ Libya’s General Telecommunication Authority launched the licence tender on 16 February 2009 with a view to having named a winner the following June; however interest in the concession only gathered pace in July. As reported by CommsUpdate, Etisalat lodged its bid for the licence on 21 July 2009, revealing its intentions to expand operations across North Africa.