The Iraqi government, if what they have down there can be called a government at all, is selling three 15-year mobile telephony licences at a starting price of just $300 million. If you like risky investments with a great return, and happen to have $300 to spare, you shouldn't miss this one.
The new licences should replace short term deals made after the US invasion four years ago, and big reginal players, such as Cairo-based Orascom, Kuwaiti Mobile Telecomunications, Turkcell and AsiaCell, are interested. Winning bidders will be announced on August 20th.
At least something is being done in Iraq by companies other than Halliburton/KBR.