Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

TELECOMS

XPress Launches Radio, Mobile Services in Jordan

XPress Telecommunications on 6 June launched its digital radio trunking and mobile telephone services in Jordan. The company is a joint venture between Jordanian and Saudi Arabian investors with equity of $30mn, and it also secured a $49.4mn financial facility from the Export and Import Bank of the US. The Jordan Fund, a $50mn private equity investment fund established by Deutsche...