The latest Iraqi communications news, including developments and opportunities in communications and media from Iraq Business News.
Epsilon Telecommunications, the world’s largest global telecoms network exchange, has been selected by Iraqi network operator FastIraq to provide international connectivity and local access to enterprise locations globally. This extends FastIraq’s network reach to new destinations and allows it to leverage interconnects with Epsilon’s more than 450 preconnected carriers. Epsilon will provide local access from […]
Menara Networks, a vertically integrated provider of IP/Ethernet DWDM transport solutions that greatly simplify optical networking, announced on Friday that IQ Networks, a leading facility-based fiber Internet Service Provider in Iraq, has selected Menara Networks transponder-less DWDM solution to build a state-of-the-art national 10 Gbps IP over DWDM network in Iraq. IQ Networks will use […]
By John Lee. Swedish telecom company Ericsson has been selected to expand the Iraqi Telecom and Post Company's (ITPC) wireline network with a transition to next generation network. According to a report from Trade Arabia, the partnership strengthens the five-year relationship between the companies and positions Ericsson as the sole supplier for ITPC’s core network. […]
Alcatel-Lucent and Regional Telecom, a communications service provider in Northern Iraq, are to launch the nation’s first 4G LTE network, providing the region with lightning-fast wireless broadband services including high-definition video streaming, high-speed Internet access and a range of business services. The new network will be the first in Iraq to offer large-scale wireless broadband […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mobile phone company Zain Iraq announced that it will put 25% of its shares on the Iraqi stock market, less than three weeks after its rival Asiacell placed a portion of […]
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 […]
By Ali Abel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Feb. 5, 2013, the Iraqi parliament responded to a campaign launched by activists against a proposed law criminalizing many means of circulating information. Iraqi lawmakers said that they will draft […]
By John Lee. Iraq has risen two places to rank 150th out of 179 countries in the World Press Freedom Index for 2013, but this followed a fall of 22 places last year. The security situation for journalists continues to be very worrying, with three killed in connection with their work in 2012 and seven […]
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. […]
Rabee Securities listed Asiacell Communications PJSC yesterday (Sunday). The company started trading today under the ISX ticker "TASC", at a starting price of IQD 22. In total 67,503,000,000 number of shares were listed and sold, for a total of IQD 1,485,066,000,000 (around $1.24 billion). Asiacell's market cap is IQD 5,940bn ($4.95bn). Foreigners bought 70% of […]
By John Lee. Asiacell’s share sale has been fully subscribed before its closing date, according to the IPO’s organizer. Shwan Ibrahim Taha, chairman of Rabee Securities, confirmed to Bloomberg News: "The offering is now comfortably covered with a good mix of retail and institutional demand from within Iraq as well as institutional and high net […]
By John Lee. The Iraqi Ministry of Communications says a submarine cable project linking Iraq with other countries has been completed. The deputy minister of communications, Ameer al-Bayyati, told Al-Shorfa that the two-year, $36-million project, was completed by Gulf Bridge International, and will provide internet, telephone and television services at lower prices and with higher […]
