Tag Archives | Korek

Iraq Mobile Operators Facing Mandatory IPO Deadline

Iraqi operators Asiacell, Korek Telecom and Zain are facing a mandatory deadline for an initial public offering of stock, with reports stating that the companies have to sell-off a 25 percent holding on the local stock exchange within four years of acquiring their licences, according to Mobile Business Briefing. This means that the companies must […]

High Costs Hamper Iraqi Telecoms

Telecommunications should be one of the hottest growth industries in Iraq, but according to a report from Reuters, providers have yet to introduce 3G technology into a market where the military jams mobile phone networks to stop insurgents detonating bombs. Poor infrastructure, high operating costs, conflicts between communications regulators and security problems are stunting development […]

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. […]

Zain Iraq Plans to Invest $100m in Kurdish Zone

The Iraqi unit of Kuwait telecoms firm Zain is planning to spend $100m this year as part of its plan to expand throughout the entire Kurdish region over the next five months, its chief executive said yesterday. Emad Makiya, CEO of Zain Iraq, the country’s biggest mobile phone operator, said the firm planned to extend […]

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 […]

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 […]

Mobile Phone Wars in Iraq

Iraqi mobile operator AsiaCell has threatened to sue Kuwait-based telecoms provider Zain, after it allegedly distributed millions of unlicensed SIM cards, hitting AsiaCell’s market share. It has also disconnected several million Zain Iraq subscribers whose lines have not been fully licensed by the Communications and Media Commission (CMC). AsiaCell, in which Qatar Telecommunications Co (Qtel) […]

Zain Iraq Expects Boost from Kurdish Region

The Iraqi unit of Kuwait’s Zain expects to add up to 18,000 new subscribers a month after starting operations in Iraq’s northern Kurdish region, Reuters has reported. “I would expect that we will be adding around 15,000 to 18,000 (new subscribers) a month,” chief executive Emad Makiya told the news agency, adding that the total […]

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 […]

Zain Iraq to Start Ops in Kurdistan

The Iraqi unit of Kuwait telecoms firm Zain (ZAIN.KW) will start operating in Iraqi Kurdistan in January and expects to boost its subscriber base by up to two million in 2011, its chief executive said on Sunday, in an interview with Reuters. Emad Makiya, the new CEO of Zain Iraq, said Zain group, the Gulf […]