The Lebanese GSM operator, LibanCell, has dropped plans to establish a mobile phone service in Yemen due to the fact that the company’s partner in Yemen tried to change the terms of the joint-venture agreement.
LibanCell intended to pay $10 million for a license from the Yemeni government to operate one of two mobile phone networks. Egypt-based Orascom, which operates mobile phone networks holding licenses in Egypt and Jordan as well as in 11 African countries, was awarded the second license.
The Yemeni government signed contracts last week for the establishment of a mobile phone network with Orascom and Spacetel Yemen, a venture led by Oman’s al-Zubair group. ― (Banque du Liban et d'Outre-Mer Sal)
© 2000 Mena Report (www.menareport.com)
