Iraq has set $300 million as the starting price for three 15-year mobile licenses that five consortiums will bid for in Amman from Thursday, the communications minister said.
"The price will start from a certain level which is $300 million plus 18 percent revenue sharing," Communications Minister Mohammed Allawi told Reuters on Thursday ahead of the auction.
The 15-year licenses replace three short-term contracts awarded soon after the U.S.-led invasion of Iraq in 2003.
Iraq sets starting bid for mobile licenses
