Watanyia and PIF link for mobile

Wataniya International has signed an agreement with the Palestine Investment Fund (PIF) to set up a new mobile operator in Palestine.

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By  Published  December 16, 2006

Wataniya International has signed an agreement with the Palestine Investment Fund (PIF) to set up a new mobile operator in Palestine. Under the terms of the agreement, Wataniya will own 40% of the operator, with PIF owning 30%, while the remainder will be offered to the Palestinian public through an IPO. Wataniya won the licence to build and operate the second mobile telecommunication service in Palestine in September this year with a bid of US$355million. The licence will authorise the building and operating of a GSM network and provide public mobile voice and data services.

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