The latest Iraq Telecommunications News – mobile phones, Iraqi Communications and more – brought to you by Iraq Business News
By John Lee. Smart phone sales in Iraq have reportedly grown by 112 percent over the past year. According to research by Singapore-based analysts Canalys, the growth was driven by strong demand for sub-US$200 devices and Chinese vendors offering better color, material and finish (CMF) devices at affordable prices. (Source: Canalys)
By John Lee. Dr. Ali Al-Moayyed [Ali Hussein al-Moayad], Chairman of Iraq's Communications and Media Commission (CMC), has announced that KPMG has started auditing the revenues of mobile phone companies operating in Iraq from 2017 to 2022. According to a press release from the CMC, this initiative aims to enhance transparency, combat tax evasion in […]
By John Lee. The General Company for Communications and Informatics, a division of Iraq's Ministry of Communications, has signed a contract with Kuwaiti company Al-Zajil to transit international communications to Europe through Iraq via Turkey. Al-Zajil is a subsidiary of Kalaam Group. Minister of Communications, Dr. Hayam Al-Yasiri, emphasized that the signing of the contract […]
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. 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. Iraqi telecom provider Asiacell, fintech Qi and platform Digital Zone have officially announced a strategic alliance. According to a statement from Asiacell, this integration will empower millions of Asiacell and Qi's shared customers to carry out purchases using their Qi payment cards seamlessly. This promises a smooth retail experience, fostering financial inclusion, […]
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 […]
