One Prequalified Bid for the Third Mobile Licence Auction |
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Manama - Kingdom of Bahrain, Monday 12 January 2009: The Telecommunications Regulatory Authority (TRA)Telecommunications Regulatory Authority (TRA)
today announced it received one bid from Saudi Telecommunications Company (STC)Saudi Telecommunications Company (STC) out of four registered companies for the Third Mobile Licence Auction, which was closed at 3:00 pm yesterday. TRATRA's dedicated evaluation team has commenced evaluating the technical and commercial aspects of the bid to ensure that they meet the qualification criteria of the Auction. STCSTC's bid has passed the initial administrative checks. STCSTC which has group revenues in excess of US$9 billion per annum, operations in Saudi Arabia and 6 other countries with in excess of 60 million subscribers utilising the latest technologies has also passed the pre-qualification requirements.
TRATRA plans to open the financial bid on 22 January 2009, but only after establishing that the bid, as submitted, passes the technical requirements as set out in the auction rules.
Mr. Alan Horne, the TRATRA General Director stated "In designing the auction process, TRATRA adopted international best practice in order to award the Licence to a strong player who can provide innovative mobile services, compete with the current providers and maximize the benefits to consumers in Bahrain".
It is worth noting that TRATRA initiated the auction process to award the third mobile licence eleven months ago as part of the strategic and retail market review published in February 2008. In April 2008 TRATRA issued an expression of interest document inviting the industry to provide comments on some aspects of the award process, and launched the auction process in mid September 2008. At the request of the companies who have registered for the auction, TRATRA delayed the process twice effectively extending the time allowed to formulate and submit bids by 2 months from November 13th 2008 to January 11th 2009.
-Ends-
About TRA
The Telecommunications Regulatory Authority (TRA)Telecommunications Regulatory Authority (TRA) was established by Legislative Decree No. 48 of 2002 promulgating the Telecommunications Law. TRATRA is an independent body and its duties and powers include, among other things, protecting the interests of subscribers and users and promoting effective and fair competition among existing and new licensed operators. More information regarding TRATRA can be viewed at www.tra.org.bh
Media Contact
Dana Chehab
Director of Communications and Consumer Affairs
Tel: +973 17 520000
Mobile: +973 39710033
Fax: +973 17 532125
Email: dchehab@tra.org.bh
© Press Release 2009
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