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Articles tagged with: Korek Telecom
Iraqi Networks Fined for Missing IPO Deadlines
All three of Iraq's mobile networks are facing fines from the telecoms regulator after they missed deadlines to float shares in their companies onto the local stock exchange. more
Related Tags: videocon, huawei, India
Iraq's Korek Telecom Looking at 3G Launch Later this Year
The Iraqi mobile network operator, Korek Telecom says that it aims to launch a 3G network later this year, but is waiting for the government to release the necessary radio spectrum. more
Related Tags: 3g-license, Iraq
Iraqi Mobile Networks Ordered to Pay $2.85 Billion in License Fees Within 30 Days
The Iraqi Parliament has voted to order the mobile network operators to pay up their entire license fee within a month, instead of being staggered over a 5-year term as originally intended. more
Related Tags: zain, asiacell, Iraq
Etisalat Still Interested in Entering Iraqi Market
UAE based Etisalat has not ruled out expansion into Iraq as it looks for alternatives after its US$12 billion bid to buy control of Zain was abandoned. Intermittent speculation that it would bid for a stake in Korek Telecom was killed off earlier this month when France Telecom finally brought a minority stake in the company. more
Related Tags: etisalat, zain, asiacell, Iraq
France Telecom to Buy Minority Stake in Iraqi Mobile Phone Network
After well over a year of one/off talks, France Telecom-Orange has announced that it is buying a minority stake in the Iraqi mobile network operator, Korek Telecom. A joint venture between France Telecom (46%) and logistics company Agility (54%) will provide Korek Telecom with new capital against 44% of its shares. more
Related Tags: france-telecom, telekom-kenya, Iraq
Iraq Expects to Raise $2 Billion from 4th Mobile License Sale
The Iraqi government hopes to raise as much as US$2 billion from auctioning off the country's fourth mobile operator license by the end of the year. The government will allocate at least a quarter of the license fee towards improving the country's telecom's infrastructure, the communications minister told the Reuters news agency. more
Related Tags: mohammed-allawi, zain, asiacell, Iraq
Korek Telecom Confirms Talks with Two Potential Investors
Iraq's Korek Telecom has confirmed that it is in talks with two companies regarding a deal to sell a stake in the company. It was recently reported that the company was in talks with France Telecom, after year-long discussions with Etisalat had seemingly broken down. more
Related Tags: france-telecom, etisalat, telecom, Iraq
France Telecom Mulling Iraqi Investment
France Telecom is reported to be in talks to purchase a stake in Iraq's Korek Telecom, in a deal that could give the Iraqi mobile operator an enterprise value of US$1.5 billion. Although no deal has been finalised, France Telecom is interested in eventually securing a controlling stake in Korek, reports the Financial Times. more
Related Tags: france-telecom, telecom, coverage, kurdistan, Iraq
France Telecom Mulling an Investment in Iraq's Mobile Market
France Telecom has said that it is interested in buying a stake in an unnamed Iraqi mobile operator but for now, the telecom giant has no plans to take control of it. more
Related Tags: france-telecom, korek, iraqna, coverage, africa, planning, Iraq
Etisalat Still in Talks to Buy Iraqi Network Stake
Iraqi mobile network, Korek Telecom is still continuing its long-running talks to sell a stake in the company to UAE based Etisalat, Korek's vice president, Hameed Abdullah Aqrawi has confirmed. The UAE based newspaper, al-Bayan, cited by Reuters reported that the two companies had already a sale but that the size of the stake and its valuation were still being worked out. more
Related Tags: etisalat, korek, iraqna, coverage, Iraq
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