Disqus
Libya has announced plans to sell small stakes in the country’s two mobile networks – Al Madar and Libyana. The IPOs will be organized to raise some cash and to spur the activity on the local stock exchange. On the latter note, the government unveiled details of tax breaks to make trading on the stock exchange more appealing to investors.
Earlier this year, Etisalat said it had submitted a bid for Libya’s third mobile phone license.
According to Mobile World’s figures, Libyana is the dominant operator with 83% of the market, where as Al Madar holds the remaining 17%. The country has a population penetration level of 134%.
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
