According to Al Mal, Chairman of ALKAN Holding declared that the company is postponing plans for offering part of the group in CASE until the end of the 1st quarter of this year 2008, during which it will make a decision regarding competing on the second fixed phone license.
Alkan's Chairman added that Alkan has reached a consortium, of Arab and Foreign investors, to jointly bid for the second fixed phone license, and also it negotiated with large investments banks to undertake a due diligence exercise on the company in addition to determining a fair value for its shares.
