LIBYA SIGNS WITH NOKIA, ALCATEL TO BUILD USD242 MILLION MOBILE NETWORK

Telecoms

The state-run Libyan National Company for Post and Telecommunications is set to award a USD242 million) deal to build a mobile phone network to a joint venture (JV) of Finland's Nokia and French group Alcatel. The deal will be signed within the next 10 days, and involves building a mobile telephone network of capacity of 2.5 million lines across Libya. It signed a deal with China's ZTE company to build an initial network of 600,000 mobile phone lines for Libyana, before expanding the network to about 3.0 million lines by the end of 2005.