Wednesday, March 30, 2011

Etisalat Declines Bid for Syrian Mobile License

Etisalat announced that it will not seek a mobile license in Syria, despite having earlier qualified to participate in the bidding process. Etisalat said terms and conditions of the bid would not enable it to achieve its objectives regarding the technology and value it wishes to bring to the market nor for its investors and shareholders.

Ahmed bin Ali, the official spokesperson of Etisalat said "We worked hard on this opportunity especially due to the close relations with us and our sister country Syria, but we hoped that the terms and conditions for the license would have been more attractive."