Third GSM-service provider in Yemen [Archives:2005/831/Local News]

April 7 2005

Minister of Telecommunication and Information Technology Abdulmalik al-Mu'allimi, confirmed that his ministry is currently completing procedures to establish a third GSM-service provider in Yemen.

The minister said the new GSM-service provider aims to eradicate the monopoly in mobile services, and that competition in this industry will be good for citizens.

Al-Mu'allimi stated the government has a 25 percent share in the company and that 20 percent will be available by a public share offer, while businessmen may invest in the remaining 55 percent.