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Wataniya forges Palestine deal

Wataniya Palestine Mobile Telecoms Company has moved forward in its bid to establish Palestine’s second mobile services operator.

Wataniya Palestine Mobile Telecoms Company has moved forward in its bid to establish Palestine’s second mobile services operator.

The company, a joint venture between Wataniya International and the Palestine Investment Fund (PIF), has announced it has signed a licence agreement with the Ministry of Telecommunications and Information Technology in Palestine (MTIT).

Wataniya International won the licence to build and operate a 2G/3G mobile telecommunication service in Palestine in September 2006 with a US$354 million bid.

“The signing of the mobile services licence agreement is another step towards realising the vision for a second mobile services operator in Palestine,” Ahmad Haleem, CEO, Wataniya International said.

Wataniya Palestine Mobile Telecommunications Company is 40% owned by Wataniya International, and 30% by PIF. The remaining shares are to be offered to the Palestinian public through an IPO.

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