MOBNA – Although it was promised earlier that 5% of Iran Telecom shares would be offered on the Tehran Stock Exchange (TSE) in February for price determination, it has not yet taken place.
Telecom chief Saaber Feizi, in conversation with MOBNA, said Telecom is ‘counting days’ to receive Privatization Organization’s go-ahead signal to offer its shares on the TSE.
He added that all the agencies involved insist on the matter taking place quickly, but the 1st Operator license issue has not yet been resolved.
He indicated the license compilation was in progress at the Regulations Committee, and added that the fate of the Telecom subscribers’ deposits after it has entered the TSE is beyond their authority and was the matter for the Privatization Organization to decide.
It is to be mentioned that Telecom assets are worth 140,000b Rial, of which 40,000n Rial are subscribers’ shares.
According to the Constitution item 3 of article 44 80% of country’s telecom shares must be privatized by March 20, 2008.