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Articles tagged with: Korek Telecom
Investor Looking to Sell Stake in Iraqi Mobile Network
Kuwait based logistics company, Agility has corroborated media reports that it is considering selling its minority stake in Iraq's Korek Telecom. A report in the Al-Watan newspaper, citing sources close to the company board of directors said that talks to sell the stake were nearing completion. more
Related Tags: orascom, dubai, dubai, Iraq
Iraqi Operators Fined for License Breaches
The Iraqi government has upheld fines against two of the country's three mobile operators, after a meeting last year found that the three networks were in breach of their license conditions. more
Related Tags: asiacell, zain, Iraq
Iraq to Fine All Three Mobile Networks Over License Breaches
Iraq's three mobile phone networks all face fines from the government for apparently failing to meet conditions in their network licenses - reports Middle East Economic Digest (MEED). All three networks have failed to meet QoS requirements, while Korek Telecom has been censured for failing to meet coverage requirements. more
Related Tags: asiacell, etisalat, zain, Iraq
Iraqi Operator on Target to Double Subscriber Base in One Year
Iraqi mobile network operator, Asiacell says that it is on target to double its subscriber base within a 12 month period. The company had 3.6 million subscribers in February, and CEO Dr Diar Ahmad said in an interview that the customer base has now passed the six million mark. more
Related Tags: qtel, asiacell, edge, etisalat, zain, Iraq
Korek Planning $400 Million Investment in Iraq
Iraq's Korek Telecom is planning to spend some US$400 million over the next twelve months on its GSM network - despite still having not concluded its joint venture details with UAE based Etisalat. more
Related Tags: etisalat, orascom, Iraq
Orascom Sells Iraqi Subsidiary
Orascom has withdrawn from the Iraqi market and sold its Iraqna GSM network to Kuwait's Zain (formerly MTC) for US$1.2 billion. Iraqna is a subsidiary of Orascom Telecom Holding and Zain managed the purchase through its Iraqi subsidiary MTC-Atheer. more
Two Iraqi GSM Networks to Merge
After it decided not to renew its GSM operator license in Iraq, speculation has been high as to what the company would do with its existing network infrastructure in the country. The solution has just been announced, and the company is forming a joint venture with Korek Telecom; the incumbent Kurdish operator which won one of the three long term licenses in Iraq. Under the agreement, Orascom Telecom and Korek shall contribute the assets of Orascom's own Iraqi network, Iraqna and Korek respectively into the joint venture where Orascom Telecom shall hold an equity interest of 70% and Korek shall hold the remaining 30%. more
Related Tags: capex, orascom-telecom
Iraqi Telecom Market Awaits Liberalization in 2007.
The Iraqi communications market enters a whole new competitive era in 2007, with the expected launch of multiple wireless fixed service providers. The country also has competition between three national cellular operators and two regional ones. more
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Iraq Q3 2006 Market Update - Mobile World Briefing
The market shares of Iraq's three main mobile licensees moved closer together again in Q3 2006. MTC Atheer, the smallest of the three players, grew its customer base by 17.2% in the three months to 30th September 2006 - well above the market average of 11.7%. Almost all of its 1.5pp gain in market share came from Orascom Telecom Iraq (Iraqna), which underperformed the market with growth of just 7.2%. Wataniya's Asia Cell posted an 11.3% increase in customer numbers, which, at just below the market average, saw it lose just 0.1pp of share during the period. more
Related Tags: orascom-telecom