Orascom Telecom Holding S.A.E. (OTLD.L) announced that it has been awarded the management contract of one of the two Lebanese mobile telecommunications operators, operating under the brand name Alfa, which is owned by the Republic of Lebanon. The management contract extends for one year and is renewable for another year.
Under this contract, OTH is required to increase the number of subscribers of Alfa from around 600 thousand at the end of 2008 to around 1 million at the end of 2009.
The management fee is paid by the Republic of Lebanon and will be defined based on the performance of the operator as measured by operating expenditure per active subscriber.
The Republic of Lebanon is fully responsible for the Capex during the contract period.
For comments and feedback: editorial@rttnews.com