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Etisalat May Reconsider Syrian Mobile License Bid

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UAE based Etisalat has stated that it might reconsider bidding for Syria's third mobile license, but only if the terms of the tender are changed. The company withdrew from bidding for the license earlier this year.

"If the terms of the Syrian mobile license are changed, Etisalat will analyse the new terms," the telecom operator said in a statement to the Abu Dhabi bourse.

Last month, the Syrian government delayed planned auction of the country's third mobile operator license due to the ongoing political turmoil in the country.

Only Qatar Telecom and Saudi Telecom were left in the bidding round before it was cancelled.

According to figures from the Mobile World, the country is estimated to have had just over 11 million mobile phone subscribers at the end of March 2011, which represents a population penetration level of 54%.

The two incumbent operators will have to buy out their current BOT agreements and convert to a conventional license agreement. The buyout price has been previously reported as being around USD500 million.

On the web: The Mobile World

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Tags: etisalat  auction  Syria