http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=market+news&month=December2006&file=Business_News2006122503917.xml
Almarai, Kuwait's MTC to bid for Saudi mobile licence Web posted at: 12/25/2006 0:39:17 Source ::: Agencies Riyadh . Saudi Arabia's largest dairy firm Almarai said yesterday that it will bid with a group of companies led by Kuwait's Mobile Telecommunciations Co (MTC) for the third Saudi mobile phone licence. Riyadh-based Almarai is bidding to diversify its sources of revenue, it said in a statement on the Saudi bourse website. MTC, the third-largest Arab telecom company by market value, said in July it plans to bid for the Saudi mobile phone licence. Shares of Almarai surged 6.76 per cent, its biggest one-day gain in more than a week, helping lift the Saudi index. Almarai said in June it will invest SR4bn ($1.06bn) during the next five years, 60 per cent more than in the previous five years, on expansion plans. It did not give details at the time. In November, the company agreed to buy 75 per cent stakes in two Saudi bakeries. Saudi Arabia, the biggest Arab economy, delayed the deadline for bids for the mobile-phone license to February 24 from January 20 to give investors more time to prepare, the Communications and Information Technology Commission said on Saturday. "We saw it was in the interest of the market and investors to give an extension," Abdulrahman Al Fehaid, deputy governor of the CITC, said. The existing two mobile networks in the world's biggest oil exporter are run by Saudi Telecom and Etihad Etisalat, in which UAE operator Emirates Telecommunications Corp has a stake. +++ -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: osint@yahoogroups.com Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
