Middle East Economic Survey
Etisalat Submits Highest Bid For Saudi Arabias GSM License
Etisalat is expected to be awarded Saudi Arabias second GSM license after the UAE telecom company announced last week that it had submitted the highest bid. Industry sources said Etisalats bid for the 25-year license, which could give the company a 40% market share, was a substantial $3.2bn. The other prequalified bidders included consortia that are linked to Egypts Orascom,...