Etisalat seeks Libyan license

Jamal Al Jarwan, CEO of Emirates Telecommunications Corp (Etisalat) has said the firm has submitted an offer for one billion Libyan dinars ($825m) for the right to operate Libya’s third mobile-telephone license, Bloomberg has reported. ‘We have a technical, financial and commercial offer and the investment could reach near 1 billion dinars,’ he told the news service. “In Libya we have submitted our offer,” Jamal Al Jarwan, chief executive officer for Etisalat’s international investments, said in an interview today. “We have a technical, financial and commercial offer and the investment could reach near 1 billion dinars.” The provider of mobile, fixed-line and Internet services aims to invest in Asia, the Middle East, and Africa where “the penetration rate is below 50 percent on average,” Al Jarwan said. The company hopes to hear whether the Libyan government will accept the bid before the end of the year, he said.