UPDATE 2-UAE's Etisalat wins Iran mobile phone licence -ISNA

Mon Jan 12, 2009 5:10pm GMT
 
Email | Print | | Single Page
[-] Text [+]

(Adds other Iranian media, detail, background)

TEHRAN, Jan 12 (Reuters) - A consortium including Emirates Telecommunications (Etisalat) ETEL.AD has won an international tender for Iran's third mobile phone licence, Iranian media reported on Monday.

Etisalat, the Arab world's second-largest telecommunications company by market value, said in December it was part of a consortium that had made the highest bid for the licence.

Iran's nuclear row with the West has made foreign companies more wary of investing in the country, but analysts say the size of the market and its energy riches still make it an attractive investment prospect.

The ISNA news agency, which did not give financial details, cited the public relations office of Iran's telecommunications regulatory office as saying Etisalat had landed the deal.

"In view of the assessment done at the tender commission, the best proposal belonged to the Etisalat procurement consortium and the consortium was consequently confirmed as the winner in the tender," ISNA said.

Other media, including the official IRNA news agency, also reported Etisalat had won the bidding.

The consortium also includes Iran's Tamin Telecom. Iranian state radio said last month the non-Iranian company would have a 49 percent stake in the project.

Among other consortiums that bid for the licence were Oman Telecommunications Co (Omantel) OTL.OM and a Malaysian company, TM International TMIT.KL.  Continued...

 

Most Popular General News on Reuters UK

  • Articles
  • Videos