Investment opportunities in telecommunications [Archives:2004/724/Local News]

March 25 2004

The Ministry of Telecommunications and Information Technology has decided to expand the investment opportunities in GSM mobile telephone services by offering a tender allowing investment companies to invest in fields currently dominated by three companies of which one, TeleYemen, is a state-run company.
Based on this decision, the contract between the Ministry and GSM companies will expire in the middle of this year.
The Ministry is currently undertaking the restructuring and development of TeleYemen by the middle of June this year.
The decision to expand investment in GSM is a plus for the private sector since current private GSM companies' profits increased noticeably during the past two years, while TeleYemen has encountered a setback in profit due to the withdrawal of many subscribers to more developed modern mobile services.