|Cellular license tender probe begins (Daily Star)
|On Monday, Deputy Prime Minister Issam Fares chaired the second meeting of the ministerial committee tasked with studying the auction and tender offers for two cellular phone licenses, which are under scrutiny after a number of short-listed companies failed to submit their offers.
The committee heard reports from an official from the HSBC Bank, which was appointed by the government to manage the auction and tender offers.
Only two companies, Investcom and Libancell, submitted offers to the Higher Privatization Council, leading some Cabinet members to demand an investigation into the poor offers.
The committee will hold the last meeting of the first stage of the investigation on Saturday.
The Mikati Group, which is connected to Public Works and Transport Minister Najib Mikati, owns 35 percent of Investcom while Nizar Dalloul, son-in-law of Prime Minister Rafik Hariri, owns Libancell.
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