Kuwait's Zain Eyes Libyan Telco Market

Kuwaiti telecom operator Zain is keen on entering Libya's market, the former monopoly's chairman said on Sunday.

Group chairman Asaad Ahmed al-Banwan (pictured) told reporters outside the company's annual shareholder meeting on Sunday:

"We have a study for Libya, we are considering the Libya market at the moment."

Libya's telecom sector is run as a monopoly by the government-controlled Libyan Post, Telecommunication and Information Technology Co (LIPTIC), which owns the country's two mobile operators Al Madar and Libyana as well as Libya's main internet provider.

The chief executive of Etisalat, Ahmad Julfar [Ahmad AbdulKarim Julfar], told reporters last month that Libya has put on hold a tender to manage LIPTIC.

(Source: Reuters)

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