Mobile Venture Lifts Hope in West Bank
Submitted: November 11, 2009 - 8:11pm
Originally published: November 11, 2009
Last updated: November 11, 2009 - 8:11pm
Originally published: November 11, 2009
Last updated: November 11, 2009 - 8:11pm
Source:
Wall Street Journal
Author:
Charles Levinson
The Palestinian territories' second cellphone carrier launched Tuesday, injecting competition into the wireless market here and delivering a significant vote of confidence in the territories by foreign investors. The Wataniya Mobile venture is one of the largest direct-foreign investments ever in the Palestinian territories. Former British Prime Minister Tony Blair has embraced it as a private-sector engine of growth for the West Bank's economy, which is plagued by high unemployment and restrictions on goods going in and out through Israel.
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