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Zain Interested in Libyan Mobile Contracts

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Kuwait based Zain has expressed an interest in bidding for the management contract to operate one of Libya's two mobile networks.

The previous government under Muammar Gaddafi planned to sell stakes in the two mobile networks, Al Madar and Libyana but the current government is looking at a Lebanon style management concession instead.

"We have a study for Libya, we are considering the Libya market at the moment," Zain's Chairman, Asaad Ahmed Al Banwan was quoted as saying by Reuters.

A landline monopoly, LIPTIC also owns majority stakes in the country's two mobile networks which were reclaimed from relatives of the former dictator, Muammar Gaddafi following his downfall.

A separate tender to manage the landline network was put on hold last week for unspecified reasons.

Etisalat was also known to be interested in securing a management contract.

On the web: Reuters

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Tags: zain  Libya