Tag Archives | mobile phone

Business Declines at Zain Iraq

By John Lee. Kuwait-based Zain has announced a significant drop in its mobile phone business in Iraq in the first half of 2016. The exceptional socio-economic circumstances facing the operation saw Zain Iraq’s financial performance hampered, with revenues for the period reaching USD 536 million, a decrease of 11% Y-o-Y, and EBITDA reaching USD 194 […]

New Sales Tax hits Zain’s Income

By John Lee. Zain Group has said that continued social unrest in Iraq, coupled with heightened levels of price competition and implementation of a new 20 percent sales tax on mobile services, as well as wide-ranging tax increases on other sectors in Iraq, have hit spending on mobile services. The company said that this has […]

Asiacell Revenues Sharply Down

As part of its results statement for the twelve months to 31st December 2015, Qatar-based Ooredoo gave the following update for its Asiacell mobile telecom operation in Iraq: “Asiacell was impacted by the security situation in Iraq and aggressive pricing competition in the first half of the year. Consequently, revenue was down 22% to QAR […]

RFI for Mobile Number Portability Database

The Iraqi Communications and Media Commission (CMC), in its capacity as the sole entity responsible for regulating telecommunications, broadcasting and information Services in Iraq, is initiating the process of launching the Mobile Number Portability service (MNP). In line with their respective obligations, Asiacell, Korek and Zain, the three Iraqi mobile telecommunications operators, are initiating the […]

Asiacell selects Ericsson for Transmission Backbone Contract

Ericsson and Asiacell have partnered in a network deal to transform Asiacell’s transmission backbone infrastructure in Iraq, reports Telecompaper. This project enables Asiacell to secure the required technology and capacity to cater for the increased demand for data traffic and improve customer experiences in Iraq in the coming five years. Ericsson collaborated with Asiacell in […]

Mobile Money Service goes live in Iraq

eServGlobal has announced the commercial launch of mobile money services with Zain Iraq. According to a statement from the company, the service was soft-launched in January and has already attracted strong interest. The service is called ‘Zain Cash‘ and is offered by Iraq Wallet, which is an authorised company from the Central Bank of Iraq (CBI).  […]

Iraq Seeks Fourth Mobile Telecom Provider

By John Lee. Iraq has invited interested companies to submit proposals to run a fourth mobile phone service in the country. The state-run Communication and Media Commission (CMC) said the planned license will run for 15 years, with the possibility of renewal. Interested companies have until 20th November to submit papers. Iraq’s existing three mobile […]

Asiacell Reactivating Parts of its Network

By John Lee. In its 3Q statement to the markets, Asiacell‘s owner Ooredoo has said that its overall financial performance was impacted by the security situation in Iraq. Asiacell recorded improved revenue, EBITDA, and Net Profit in Q3 2015 compared to Q2 2015. Asiacell’s total customer base stood at 10.6 million at the end of […]

New Sales Tax Weighs on Zain Iraq

By John Lee. In a statement to the markets covering the first nine months of the year, Zain Group said that the implementation of a new 20 percent sales tax on mobile servicesin Iraq, as well as wide-ranging tax increases on other sectors in the country, that commenced 1 August 2015, have hit spending on […]

Regulator Drops $100m Zain Fine

By John Lee. Iraq’s Communication and Media Commission (CMC) has scrapped a $100-million fine imposed on mobile phone operator Zain Iraq. The telecom watchdog had claimed that Zain Iraq sold mobile phone SIM cards without its permission. Reuters reports that a CMC committee considering the case decided not to impose the fine. (Source: Reuters) (Dollars […]

Zain Iraq to start Trading soon on ISX

By John Lee. Reuters reports that Zain Iraq will list on the Baghdad Stock Exchange (ISX) on 23rd June. Under the terms of its 15-year licence awarded in 2007, the company, along with Iraq’s two other mobile phone firms, was required to float at least a quarter of its shares on the ISX by August […]