By John Lee. The market for smartphones in Iraq has reportedly grown by 86 percent year-on-year in Q4 2023. According to research by Canalys, this has come, "despite rising restrictions on US dollar cash withdrawals by local banks exacerbating a shortage and driving up the parallel market exchange rate." It says that vendors including TRANSSION […]
By John Lee. Iraq's Communications and Media Commission (CMC) has reportedly said that Iraq's fourth mobile phone service will start "soon." State-run Iraqi News Agency (INA) quotes the head of the Commission, Ali Al-Moussawi, as saying: "The [license was granted] to Al-Salam Company, affiliated with the Ministry of Communications, and work is ongoing with close […]
By John Lee. Qatar's Ooredoo, Kuwait's Zain Group and TASC Towers Holding of Dubai are to create the largest tower company in the MENA region, in a cash and share deal. The enlarged tower company, comprising approximately 30,000 towers, has a combined estimated current enterprise value of USD 2.2 billion. Ooredoo and Zain will equally […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Korek Telecom external telecommunications operational, says company rep The Kurdistan Region's premier telecommunications company, Korek Telecom, has announced that its international and cross-company communications are now operational and that it has resolved its issues […]
By John Lee. Erbil-based telecommunications company Korek Telecom has reportedly been blocked from communicating with other domestic and international carriers, according to Rudaw. This follows a public announcement last week from Iraq's Communications and Media Commission (CMC), which threatened to disconnect the company if it did not pay its financial obligations: "Based on the expiration […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the nine-month period ended 30 September 2023, parent company Ooredoo said: "Asiacell maintained its strong performance into Q3, delivering double-digit revenue and EBITDA growth. Asiacell' customer base remained stable at 17.1 million customers. "Revenue increased […]
By John Lee. The Prime Minister, Mr. Mohammed Shiaa Al-Sudani, presided over the forty-second regular session of the Cabinet on Tuesday. At the meeting, the Cabinet agreed that the Communications and Media Commission (CMC) will grant an exclusive three-year national license for 5G mobile technology to the Al-Salam State Company, a subsidiary of the Ministry […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the six-month period ended 30 June 2023, parent company Ooredoo said: "Asiacell achieved very solid Revenue growth in H1 2023, with a YoY increase of 16%, reaching a total of QAR 2,024 million. This growth […]
By John Lee. Zain Iraq's Q1 2023 revenue increased by 15 percent to reach USD 223 million and EBITDA recorded was USD 76 million, reflecting an EBITDA margin of 34 percent, according to the company's results statement for the period. The operation reported eight-fold increase in net profit of USD 30 million for Q1 2023 […]
By John Lee. The head of Iraq's Communications and Media Commission (CMC) has said the regulator has won a judicial decision against Korek Telecom, obliging the company to pay approximately $800 million to the Iraqi state treasury. The decision resolves a long-standing legal dispute between the commission and the company over unpaid dues, and Dr. […]
By John Lee. Datareportal has issued a report on digital trends and behaviours in Iraq. Among the key finding are: There were 33.72 million internet users in Iraq at the start of 2023, when internet penetration stood at 74.9 percent. Iraq was home to 25.53 million social media users in January 2023, equating to 56.7 […]
By John Lee. Mobile phone service Asiacell has reported an increase in customers and data traffic, but a drop EBITDA. In its financial results for the year ended 31 December 2022, parent company Ooredoo said: "Asiacell reported solid Revenue for the year 2022, reaching a total of QAR 3.7 billion. However, the EBITDA saw a […]
