It's too early to say how the bidding war will go, but I'd bet that HKT will be broken up into at least two and possibly three or four parts.

CNN: ASIANOW - Asiaweek | Intelligence | Business: Pick up the Pieces

The Gulf Security and Iran Sanctions Enforcement Act, recently introduced by Representatives Ron Klein (D-FL) and Mark Kirk (R-IL), and Senators Kirsten Gillibrand (D-NY) and Ben Cardin (D-MD), requires companies bidding on these energy leases to disclose that neither they nor their partners are in violation of U.S. sanctions laws or doing business with entities the U.S. Treasury identifies as under Iranian government control.

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The following spring he won a bidding war for Datek, raising fears that he'd overpaid.

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