Saudi Telecom Pulls Out of Iraq Mobile Phone Auction

Saudi Telecom (STC), the kingdom’s largest telephone company, has reportedly abandoned plans to bid for Iraq’s fourth mobile-phone licence after delays in awarding the contract.

Ghassan Hasbani, the company’s chief executive officer for international operations, told MEED that they will only be interested in the licence if they receive “concrete” information from the government.

(Sources: MEED, Bloomberg)

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