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Kuwait sets yet another date for mobile bid

Foreign telcos and local firms have until Nov. 18 to bid for a stake in third mobile operator.

Kuwait said on Tuesday foreign telecom operators and local companies have until November 18 to bid for a stake in the country's third mobile phone firm, an executive said on Tuesday.

The Kuwait Investment Authority (KIA), which is managing the sale of the 26% stake, had received 500 inquiries about the sale, state news agency Kuna quoted Adel Al-Roumi, chairman of the founding committee for third operator, as saying.

The new operator would compete with Mobile Telecommunications (Zain) and National Mobile Telecommunications (Wataniya).