Barrak said that the company “will not bid for one of the telecom licenses once the privatization process is launched.”

MTC said that Barrak’s statement is old and was “misinterpreted and used out of context “by Gulf magazine, Alam Al Sina’a W Alttijarah.

MTC said that the statement is also not related to the current talks undergoing between the company and the government regarding a potential renewal of its operation contract for one of the telecom licenses.

The company said it wishes a successful completion for the undergoing talks.

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