Business Services Industry
AME Info, Abu Dhabi, United Arab Emirates, Technology Briefs Column.
Knight Ridder/Tribune Business News, September, 2002
By Peter J. Cooper, AME Info, Abu Dhabi, United Arab Emirates Knight Ridder/Tribune Business News
Sep. 24--SAUDI TELECOM SEEN WITH ROOM TO GROW: Saudi Telecom has room to grow and offers great potential for investors in its initial public offering later this year, according to Arab Advisors Group. The Amman-based group points to huge pent-up demand for the PSTN and GSM markets in the kingdom. It also notes that STC's monopoly will last another six years, justifying a high valuation.
ORASCOM TELECOM RESTRUCTURES: Orascom Telecom has delayed a planned capital increase, reported Reuters. But the mobile phone operator said it had reached agreement to swap USD90 million in loans into equity. Analysts reacted positively but still awaited details of...
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