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Kuwait auction bars foreign firms
- Tuesday, August 21 - 2007 at 14:39
Kuwait has excluded foreign companies, including those from other Gulf countries, from an auction to sell 26% of a mobile phone operator set up by the government, Emirates Today reported, citing Al Seyassah newspaper. The government had previously said it would open the auction to foreign operators and publicly traded Kuwaiti companies that are not in the telecom business. The Cabinet has now decided against allowing foreign firms to compete for the stake.
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Jeff Florian, Senior ReporterTuesday, August 21 - 2007 at 14:39 UAE local time (GMT+4)
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