July 29, 2008

Wataniya Palestine (Wpt) Allocated Spectrum to Start Operations of Its Mobile Network

According to Doha Securities Market: Wataniya Palestine Mobile Telecommunications Company (WPT) and its shareholders Wataniya Telecom (National Mobile Telecommunications Company NMTC; 51% owned by Qatar Telecom QSC (Qtel)) and the Palestine Investment Fund (PIF) are pleased to announce receipt of an official communication from the Palestinian Ministry of Telecommunications and Information Technology (MTIT) confirming that an agreement has been reached for spectrum to be allocated to the Palestinian National Authority (PNA). The spectrum agreement, which provides for a staged release of radio frequencies over the next several months, meets key requirements to enable construction and commercial launch of WPT's mobile network. The released spectrum frequencies will be allocated by the PNA to WPT, which was established in December 2006 as a joint venture between Wataniya Telecom and the PIF. It is noteworthy, that WPT is a partnership established between the Palestine Investment Fund (PIF) and Wataniya Telecom.

Originally published by Info-Prod Strategic Business Information.

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