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Cyber Persia

The most misrepresented and misunderstood country of the world.

by Reza Hashemi, Iran

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Iran telecom company sold

Sep 29, 2009 07:23

In an US$8 billion deal, the majority shares of Iran state-owned telecommunicatons company sold to a private consortium yesterday. It has been the largest transaction in the history of Tehran stock exchange and bidding just took half an hour.

The importance of this deal is that Telecommunication Company of Iran (TCI) has monopoly over Iran's fixed line infrastructure, Iran's largest cellular operator (MCI), and Iran's major Internet service provider and data communication operator (DCI).

The sale of TCI is part of a privatization initiative to sell 80 percent of majority shares of state-owned companies.

Mobin Etemad group, the winner of TCI deal, has announced that it is a consortium of three privately owned firms, among them two are special purpose entities (SPE) representing many more investors.

The deal will be paid 20 percent in cash and 80 percent on installment basis.

I am personally not concerned about how big the numbers are. What matters most is that this deal has a major effect on our digital life. We live in a communication age and all the advances in communication technology has made our lives different.

Iran's monopolized and government-controlled major communication company has been sold to the private sector. It holds both good and bad news to Iranians.

Mobile communications, high-speed Internet services including wireless and ADSL, VoIP communications, Internet filtering technologies, fibre optics infrastructure, satellite services, and customer care and privacy concerns for all these communication services are dependent on this new ownership and their decisions and how they deal with regulations.

I just hope that this privatization makes things better and Iranian digital life more efficient both culturally and technologically.

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Sepanta

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Sepanta says...
I Just Hope That Data Communications Quallity In Iran Not Going Down ! And See Of ( Web Page Is Blocked ) Not More Happening . Of Course Its All Hopes For Iran .

Sep 30, 2009 18:17

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RezaHashemi

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RezaHashemi says...
I hope so, thanks for comments.

Nov 01, 2009 21:19

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About Reza Hashemi

Reza Hashemi is a Web entrepreneur.He has an engineering degree in computer hardware and a Master in computer systems and networks architecture. He has experienced a condensed history of computers, operating systems and dot com generations. In his younger days, he mastered the art of playing computer games and programming for Commodore 64 then IBM 370 mainframes with card readers in university and hooked up to the Internet via a 19.6Kbps shared connection in 1993. He is also a university instructor, IT consultant and founder/CEO/board member of a couple of e-businesses since Y2K.