The Jordanian Government confirmed that it is willing to sell 10 percent of its shares in the Jordanian Telecommunication Company (Etisalat). The government added that the strategic investor partner in Etisalat has shown no interest in purchasing these shares, and thus, the government decided to put them up for public sale, reported Al-Hayat. The strategic partner of Etisalat is a consortium consisting of the French France Telecom Company and the Arab Bank with 40 percent stakes in Etisalat valued $508 million. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
