COALITION PROVISIONAL AUTHORITY

BAGHDAD

 

 

By this document, the CPA gives notice of two amendments to its Statement of Objectives for Iraq Mobile Licence Offer, Issue 2, dated 3 August. 

 

The amendments are as follows.

 

1.  GOVERNMENT INVESTMENT - PARAGRAPH 13

 

EXISTING TEXT

 

No government shall directly or indirectly own more than 10% of any single bidding company or single company in a consortium.

 

 

AMENDED TEXT

 

Government investment, either direct or indirect, in an entity bidding for a licence shall not be more than 10%. 

 

 

EXPLANATION OF CHANGE

This will permit companies owned more than 10% by a government  to bid as part of a consortium so long as the total percentage ownership by government in the joint entity does not exceed 10%.

 

 

 

 

2.  PERFORMANCE BOND – PARAGRAPH 17.1

 

EXISTING TEXT

 

A performance bond for the full value of the expected capital cost of network and infrastructure construction will be established.

 

AMENDED TEXT

 

A performance bond for $30m will be established.

 

 

EXPLANATION OF CHANGE

We estimate that the cost of such a bond for the partial build-out of a mobile network would be between 1% and 7% of the $30m.

 

 

 

 

 

 

Ministry of Transport and Communications

CPA

8 August 2003