Tag Archives | mobile phone

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 […]

Zain Blames Iraq for Profit Slump

By John Lee. Kuwait’s Zain Group has reported a 26.7 percent fall in first-quarter profit on Tuesday, as its Iraq business suffered from political instability and intense competition. Zain Group CEO, Scott Gegenheimer (pictured) noted: “The quarter reflected mixed results in what were quite challenging conditions in several of our key markets, especially Iraq where […]

Zain Iraq Applies for Share Listing

By John Lee. Zain Iraq has applied for a listing on the Baghdad stock exchange (ISX). As part of their 15-year licences awarded in 2007, Iraq’s three mobile network operators — Zain, Asiacell and Korek — were required to float at least a quarter of their shares and join the Iraq Stock Exchange (ISX) by […]

3G Should Bolster Telco Revenues

By John Lee. A telecommunications analyst has said that the recent launch of 3G services in Iraq should stabilize the revenue and profit of Iraq’s mobile phone operators this year, following the difficulties caused by the war against the Islamic State (IS, ISIS, ISIL). Omar Maher of EFG Hermes told Reuters that 2016 could see high […]

Court Dismisses $4.5bn Claim Against Zain

By John Lee. An Iraqi court has reportedly rejected a $4.5-billion (5.4 trillion Iraqi dinar) lawsuit against Zain. The case centers around Zain’s $1.2-billion acquisition of Iraqna from Egypt’s Orascom Telecom in December 2007, after the Egyptian company dropped out of the running for a long-term mobile licence. According to Reuters, the Kuwaiti firm then […]

Asiacell: Customers Up, Profits Down

By John Lee. Qatar-based Ooredoo has reported that its Iraqi subsidiary, Asiacell, substantially grew its customers during the year, increasing by 15% to 12.3 million compared to 10.7 million at FY 2013. In its 2014 Full Year Results, it said Asiacell faced the challenge of the growing security issue in the country during the year, […]

Iran, Iraq to Cooperate on Telecoms

By John Lee. Iran and Iraq have reportedly agreed to reduce mobile phone roaming charges, and to cooperate more closely on other issues relating to telecommunications. The development follows a visit by Iraqi Minister of Communications, Hassan Kadhim Al-Rashed [Kazem Hassan Rashed], to Tehran to meet Iran’s Communications and Information Technology Minister, Mahmoud Vaezi. Minister […]