State-run Saudi Telecom (7010.SE: Quote) (STC) has submitted an offer for a mobile licence in Syria, the company said on Saturday, one of the few countries in the region with low mobile penetration and promising growth chances.
STC is one of five firms to qualify for the Syria licence auction, along with Qatar Telecom (QTEL.QA: Quote), Turkcell (TCELL.IS: Quote), France Telecom (FTE.PA: Quote) and the UAE's Etisalat (ETEL.AD: Quote), although the latter two have dropped plans to bid. [ID:nLDE72T1E3]
"(STC) announces that it submitted on Wednesday, March 30, its technical and operational offer... The offers that are qualified by Syria's (telecommunication) ministry will enter the final (financial) phase of the auction on April 27," the company said in a statement on the bourse website.
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