Posts filed under ‘Omantel’
The UAE-based telco Etisalat has said it plans to invest USD1 billion rolling out a cellular network in Iran where it has been awarded the country’s third national mobile licence. Etisalat will take a 49% stake in a consortium which also involves local firm Tamin Telecom. The UAE telco hopes to launch in the second half of this year and win a million subscribers in its first year of operation. Iran’s semi-official news agency Fars announced last month that Etisalat had beaten off rival bids from the likes of Omantel of Oman and Malaysia’s TM International, with the winning bid more than 5% higher than the next highest offer. The result of the tender is still awaiting official approval by Iran’s telecoms ministry.
The government of Iran is thought to have awarded the country’s third national mobile licence to a consortium headed by UAE-based telco Etisalat. A report from CellularNews which cites Iran’s semi-official news agency FARS says that Etisalat has beaten off rival bids from the likes of Omantel of Oman plus MegaFon and Vimpelcom of Russia. The government has said that the new cellular operator is expected to attract investment of around USD3 billion. Iran currently has two national cellular networks run by state-backed operator TCI and private firm MTN-Irancell, which have around 40 million customers between them. Another operator, Taliya, operates a sizeable regional network which serves around 1.5 million users, while there are also at least two other localised mobile networks with only a few thousand subscribers each.