Syria to seek more than $1B investment in telecom auction

Syria to seek more than $1B investment in telecom auction

Syria to Seek More Than $1 Billion in Telecom Auction as Part of Economic Recovery

Syria has launched an international tender for a 20-year mobile network operator license, aiming to attract over $1 billion in investment to modernize its telecommunications sector. The initiative, announced by Syria's Minister of Communications, is part of broader reforms to strengthen digital infrastructure and regional connectivity. The licensing process, open until June 15, 2026, includes access to key frequency bands (800 MHz, 2600 MHz, and 3500 MHz) to support advanced mobile broadband, including 5G technology.

The new operator will assume control of Syria's existing subscriber base and infrastructure while expanding next-generation networks nationwide. A five-year transition period will ensure uninterrupted service as MTN Syria phases out operations. The winning consortium will hold 75% ownership, with Syria's sovereign wealth fund retaining a 25% stake.

This auction is linked to the SilkLink regional fiber-optic project, a $1 billion telecommunications initiative led by Saudi Telecom Company (STC Group) under a bilateral investment agreement signed in July 2025. The SilkLink project aims to position Syria as a digital hub connecting Asia and Europe, involving thousands of kilometers of cable infrastructure.

Syria's telecom reforms align with broader economic recovery efforts following the lifting of Western sanctions after the ouster of former President Bashar Assad in December 2024. In July 2025, Syria and Saudi Arabia announced 47 investment agreements totaling over $6 billion, including energy, aviation, and infrastructure projects. Saudi Arabia's ACWA Power also signed a water agreement with Syria's Energy Ministry to support power generation and desalination.

The tender underscores Syria's strategy to attract global investors while rebuilding its war-damaged economy. With a focus on digital connectivity and regional integration, the telecom sector is expected to play a central role in Syria's long-term economic revitalization.

(https://apnews.com/article/syria-saudi-arabia-investments-telecommunications-2d135302860c4338d6a10e2862b7ea83): AP News, March 2026
(https://sana.sy/en/syria/2300264/): SANA, March 4, 2026