In a move to showcase Omnnea's Research and Development products, Omnnea will participate at GITEX 2011 in Dubai. Dr. Faisal Fadul, Omnnea's CEO, said: "We are proud to be the first Iraqi company to participate in this exhibit where we are given the opportunity to compete in the same arena as the best the world […]
Korek, one of the fastest growing mobile operators in Iraq, has selected Ericsson to modernize and expand its network by a network expansion and service quality improvement project. The agreement will prepare the network for 3G and LTE and further develop Iraq's telecom infrastructure. Through the agreement, Ericsson will deploy and integrate new radio base […]
Iraqi operators Asiacell, Korek Telecom and Zain are facing a mandatory deadline for an initial public offering of stock, with reports stating that the companies have to sell-off a 25 percent holding on the local stock exchange within four years of acquiring their licences, according to Mobile Business Briefing. This means that the companies must […]
Advertising Feature Kalimat, being a strong presence and a leader in Iraq in the 3 G and 4 G spectrum, is unveiling state‐of‐the‐art and novel services in the Iraqi market, which many more advanced countries are yet to launch. These services will enable Kalimat’s Iraqi subscribers, to do a lot more than just make calls […]
Zain's Iraq subsidiary is preparing for an initial public offering (IPO) on the Iraq Stock Exchange that will raise an estimated $80 million [96 billion Iraqi dinars] for a 20% stake, the Kuwait Arabic daily al-Qabas reports. As a condition of its operating licence, the company is required to list its shares on the Iraqi […]
Asiacell has stated that its revenues increased 17% year-on-year to US$377.29 million in Q1, according to a report from Wireless Federation. EBITDA rose 14% to US$213.63 million, with EBITDA margin falling 1% to 57%. Revenue and EBITDA growth was driven by increased customer base and increased usage. At the end of Q1, Asiacell had 8.306 […]
BMI’s Q1 2011 update on Iraq’s telecommunications market provides comprehensive coverage of recent developments in the country’s mobile, fixed-line telephony and internet sectors. This quarter sees our five-year growth forecasts for the country’s telecoms service sectors extended through to the end of 2015. Our new mobile subscriber forecast for Iraq incorporates the latest subscriber data, […]
By end of June 2010, 26 out of 55 operators licensed to offer WiMAX offered the service. WiMAX is commercially available in Algeria, Bahrain, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Saudi Arabia, Tunisia and the UAE. Moreover, Yemen and Oman are slated to WiMAX services in the second half of 2010. WiMAX stands for World […]
As part of its ongoing commitment to the development of the Iraqi economy, and its aim to advance the financial situation in Iraq, Asiacell, the largest private Iraqi company, has announced plans to change the currency it uses from US dollars (USD) to the Iraqi dinar (IQD). Asiacell's decision to implement this currency switch is […]
Korek Telecom, one of Iraq's three national telecom operators, has recently awarded Ericsson, the world's leading provider of telecommunication equipment and services to operators, a contract for the deployment of a billing post-paid system, which is going to deliver billing accuracy and enriched functionality enabling various promotions and enhanced reporting capabilities. This deal comes following […]
