Iraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, a senior official at the body said on Tuesday.
Ahmed Alomary, commis
France Telecom and Kuwaiti logistics group Agility are to acquire a 44 per cent stake in fast-growing Iraqi mobile operator Korek Telecom, the groups said in a joint statement on Monday.
The two groups will form a joint venture, 54 per cen
Etisalat, the leading telecom service provider in the UAE, has not signed any memorandum of understanding to buy a majority stake in Iraq's Korek Telecom, its chief financial officer said in a statement on Tuesday.
Etisalat's CFO S
Ericsson, a world leading telecom technology supplier, will provide coverage and capacity in central and southern Iraq to meet the expansion planned by one of Iraq’s three nationally-licensed operators.
Korek Telecom, which is focused