Tag Archives | France Telecom

Zain Iraq Plans IPO by July

John Lee. Zain Iraq‘s Chief Financial Officer, Wael Ghanayem (pictured), has told Bloomberg that the company plans to list 25 percent of its shares on the Iraq Stock Exchange  (ISX) by the end of June. But Geoffrey Batt, managing director of the $44 million Euphrates Iraq Fund, told the news agency: “A more realistic estimate is […]

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Iraq Stock Sale Sign of Investor Confidence

By Karin Laub, The Associated Press. Used with permission by Iraq Business News. An Iraqi telecom company raised nearly $1.3 billion Sunday on Baghdad’s small stock exchange in one of the region’s biggest share offers in years — a sign of investor confidence in the fledgling private sector despite violence that still plagues the country. […]

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Iraq Mobile Telcos Unlikely to Make IPO Deadline

Iraq’s three main mobile phone companies – Zain Iraq, Asiacell and Korek – appear unlikely to meet a month-end deadline to list on the local stock exchange, raising the chances of them being penalised, according to Reuters. The companies are required by Iraqi law to launch initial public offerings on the Iraq Stock Exchange (ISX) by […]

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France Telecom Bullish on Iraq

Elie Girard, executive vice-president of strategy and development at France Telecom, said he was bullish about the prospects for Korek Telecom, the mobile operator based in Kurdistan, in which France Telecom recently bought a minority stake. “There is huge growth potential in Iraq,” said Girard, adding that Korek would grow some 30 percent a year. […]

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4th Mobile Phone Licence Could Go for $2bn

Iraq’s communications minister said he expected the country’s planned fourth mobile phone licence to fetch between $1 billion to $2 billion [2.4 trillion Iraqi dinars] in an auction expected by the end of this year. According to Reuters, Mohammed Allawi said the expected cost for the licence, including installations and infrastructure costs, could be in […]

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France Telecom, Agility, Take 44% of Korek

France Telecom-Orange and its partner Agility, a leading logistics company, have announced a binding agreement on Monday with the shareholders of Korek Telecom to acquire a 44% stake in the Iraqi mobile operator. France Telecom-Orange will contribute its marketing, commercial and technical expertise to reinforce Korek Telecom’s leading position in the Kurdistan region of Iraq […]

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France Telecom Targets Iraq’s Korek

According to the Financial Times, the European telecom giant France Telecom is engaged in talks to buy a minority stake in the Iraqi mobile phone operator Korek, as part of a bid to expand its operations in the Middle East. Although no deal has yet been struck, financial observers say that a potential agreement could […]

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Iraq’s Fourth Mobile Phone Licence

The Iraqi Minister of Communications has called on international companies to do business in the country’s telecoms sector. Speaking at Telecoms World Middle East, Farook Abdul-Rahman revealed: “As you are all aware, we are not short of resources and finance and what we are really looking for from you is the transfer of the latest […]

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