Lebanese court overturns ban on Egypt’s Orascom mobile contract bid

A Lebanese court overturned Wednesday a decision that had prevented Egypt’s Orascom Telecom Media and Technology (OTMT) from bidding in a tender to run the country’s two mobile phone networks, one of which it already operates.

The court obliged the Lebanese government body that oversees tenders to accept the bid presented by OTMT, a court document showed.

The Beirut-based Daily Star reported that OTMT had been disqualified from bidding after it allegedly failed to submit an application on time.

Source: Reuters