VOL. XLII

No 48

29-November-1999

JORDAN

France Telecom To Discuss Purchase Of 40% Stake In JTC

Following a submission of bids in October, the JordanianGovernment is discussing with a consortium led by France Telecom the purchaseof a 40% stake in Jordan Telecommunications Company (JTC). On 3 October, FranceTelecom, National Bank of Kuwait, National Commercial Bank of Saudi Arabia andthe Arab Bank offered $508mn for the stake in JTC (MEES, 25 October).Although the bid was matched by the UAE痴...