Lebanese government extends mobile phone contracts, delaying privatization.(Lebanon)(Brief Article)

From: Africa & The Middle East Telecom | Date: October 1, 2003 | Copyright information

The Lebanese government has extended the short-term operating contracts of two mobile phone companies until the end of January 2004. The government offered both the LibanCell and Cellis firms $7.5 million a month each to run the networks, reported Reuters.

The extension, the latest in a series of governmental contract renewals, indicates the possibility of a delay in privatization schemes. Liberalization of the telecom sector was one of the prerequisites set by international donors pledging $4 billion to help reduce public debt. The Pads II meeting, held this past November, ...

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