Bahrain plans third mobile phone firm in '09


Bahrain, the smallest Gulf Arab economy, plans to invite a third mobile phone operator in 2009, Middle East Economic Digest (MEED) reported, without giving a source.


The new operator would compete with Bahrain Telecommunications Co and a firm linked with Kuwait's Mobile Telecommunications Co (Zain) in the country of 1.05 million.


The third mobile phone company would likely be a foreign investor, the weekly reported in its latest edition issued on Friday.


States across the world's biggest oil-exporting region are opening up their telecom sectors as economic growth expands.


Qatar plans to sell its second fixed-line license this year after awarding a group led by Vodafone Group Plc its second mobile phone license in December.


Saudi Arabia sold its third mobile phone license to a group led by Zain last year for $6.11 billion (Dh22.42 billion).  (Reuters)

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