We are proud to note that the newspaper Al Balad published on the 15/7 on page 15 of its publication a reproduction, almost word for word, of the views that we had expressed in this blog some two weeks ago on the subject of the proposed privatization/liberalization of Liban Telecom.
We have one comment to make though:
"On what grounds does Mr. Talal El Makdessi recommend an immediate privatization of 20% of Liban Telecom to be followed by a further sale of 50% after the development of this sector?"
It is not that we oppose the principle of privatization. We would like to know the economic justification behind such a move and particularly the benefits to the citizens. As we mentioned before, if Telecom is currently earning the State one billion US dollars a year, how much will it bring the State after privatization (partial or total)?
We need to see such a comparative statement.
