VOL. XLII

No. 32

9-August-1999

JORDAN

Jordanian Government Invites Bids For 40% Stake In JTC

The Jordanian government announced on 31 July its intentionto sell a 40% stake in the national phone company, Jordan TelecommunicationsCompany (JTC), to a single consortium of local, Arab and foreign firms. JTC isestimated to be worth $1.26bn and is the sole provider of Jordan痴 510,000fixed-phone lines. JTC痴 exclusive franchise on fixed-lines ends in 2003, butit has recently been awarded the license to...