Kuwait delays bids deadline for new cellco again

31 Aug 2007

For the second time in a month, Kuwait has delayed a deadline for companies to bid for a stake in its third mobile phone operator and said it would change the way the sale was conducted. Kuwait initially asked foreign operators and local non-telecom firms to submit bids by 7 August for a 26% stake in the new cellco set up by the government. It then moved the deadline to 7 September. It has now been delayed again, with no new date set. State-owned Kuwait Investment Authority said in a statement that the tender process was under review and new guidelines and dates would be announced on 7 September. The Kuwait Investment Authority heads the committee that set up the new operator, of which the government will sell 50% in an initial public offering (IPO), 26% to an investor and keep the rest.

Kuwait,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share