Syria sets reserve price for third mobile licence
Bidding for Syria's third mobile licence will start at $122.7 million, according to deputy minister of telecommunications.
Syria's third mobile licence, which is due to be auctioned later this year, will have a reserve price of EUR90 million ($122.7m), according to a report from Syria Report, which cited Mohammad Al-Jallali, deputy minister of telecommunications.
Gulf operators STC, Etisalat and Qtel, have so far entered the bidding process, along with France Telecom and Turkcell.
The Syrian government announced its intention to award a third mobile licence in August 2010. It also granted an initial approval to offer full mobile licences to Syria's existing operators, Syriatel and MTN Syria, which currently operate services under build, operate and transfer agreements.
Ghassan Hasbani, CEO of international operations at STC, told CommsMEA that the next stage of the auction process will start at the beginning of April and will involve technical qualifications. This will be followed by financial bids.
"It is a transparent process so we are waiting to see our chances," he said.