Iraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, according to a report from Reuters. Ahmed Alomary, commissioner of Iraq's Communications and Media Commission (CMC), also told the agency that the regulator had also decided to fine […]
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Tags: Asiacell, CMC, Communications and Media Commission (CMC), IPO, Iraq Stock Exchange News, Korek, stock market, Zain
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) […]