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FINANCIAL NEWS
Baghdad to award 4th mobile phone license
07 Oct 2010
(MENAFN) A senior official at the Iraqi ministry of communications said that Baghdad will award a fourth mobile phone operator license in the first- quarter of 2011, Reuters reported.
Up to 15 firms including US-based Verizon Communications, South Africa’s MTN, Turkcell, UAE’s Etisalat, France Telecom, and Vodafone had expressed an interest so far, he said.
The fourth firm, which would operate throughout Iraq, would partner with the Iraqi Telecommunications and Posts Co (ITPC), which already holds the fourth licence and falls under the ministry of communications.
Zain and AsiaCell, along with third mobile phone firm Korek, which is based in Iraq’s Kurdish-run north, bought 15-year licences for $1.25 billion each in an auction in 2007.
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