UPDATE 2-Iran rejects Zain, to hold new mobile tender-paper
By : (Adds background in paragraphs 4-10)
Date posted :2009-07-02 07:07:00
TEHRAN, July 2 (Reuters) - Iran has pulled its third mobile licence from Kuwait's Mobile Telecommunications Co (Zain) and will hold a fresh tender, the Poul daily on Thursday.
The paper quoted Telecommunication Minister Mohammad Soleimani as saying Zain had not "fulfilled its obligations."
Iran handed Zain the licence in May after stripping it from Emirates Telecommunications Corp (Etisalat).[ID:nDAH131243]
Iran said at the time Etisalat and Iran's Tamin Telecom, which won the tender in January, had not fulfilled "the necessary collateral and payments of the licence fee at the appropriate time."
Etisalat, one of the largest Arab telecommunications companies by market value, had said it expected to invest up to $5 billion over five years in its Iran operations.
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