 |
Iraq Stock X - Foreign Investment Resource - Telecom
| Author |
 Topic  |
|
| Information in this forum is not monitored or provided by a financial or legal professional. The information reflects member opinions only. Do not act on advice from these forums without first consulting a qualified financial, investment, or legal professional. All content is copyrighted and protected by Aelius Group. |
|
pokerfool
USA
124 Posts
|
|
|
pokerfool
USA
124 Posts
|
|
|
pokerfool
USA
124 Posts
|
|
|
pokerfool
USA
124 Posts
|
|
|
pokerfool
USA
124 Posts
|
|
|
pokerfool
USA
124 Posts
|
 Posted - 08/14/2008 : 07:26:17
|
| deleted |
Edited by - pokerfool on 08/14/2008 07:27:23 |
Report to Moderator  |
|
| Information in this forum is not monitored or provided by a financial or legal professional. The information reflects member opinions only. Do not act on advice from these forums without first consulting a qualified financial, investment, or legal professional. All content is copyrighted and protected by Aelius Group. |
|
Oldskiier
USA
89 Posts |
Posted - 09/01/2009 : 22:58:49
|
Iraq Telecom / Telecommunication Zain and Asiacell
http://www.cellular-news.com/story/36295.php
The Iraqi government has announced plans to require the country's three mobile phone networks to list their shares on the Iraq Stock Exchange (ISX) by the middle of 2010. The move could triple the value of shares on the stock market, based on current prices to over US$6 billion.
Basil al-Rahim, managing partner of MerchantBridge, the London-based investment firm that owns 19 per cent of Asiacell told the Middle East Economic Digest (MEED) "It has to be done in 2009, or by early 2010 at the latest," says Al-Rahim. "If you value them [Zain and Asiacell] according to industry benchmarks, they are worth more than $2bn each."
The companies have known that they would be required to list their shares eventually, as it is a requirement of their operating licenses. However, the government now believes that the market is ready to handle the listings and is pressuring the companies to float their shares. The stock exchange only switched to computerised trading last month - replacing two blackboards which used to record trades.
"Asiacell's licence stipulates a fairly substantial listing of 25-30 per cent," added Al-Rahim.
In a separate development, Asiacell has announced the launch of GSM coverage in the Al-Anbar and Diyala governorates, making Asiacell the first mobile network operator to provide coverage for all 18 of Iraqi governorates.
The Mobile World subscriber tracker reports that Zain ended last September with around 8.5 million customers, compared to just under 5.6 million for Asiacell.
|
Now This is a forum !!!! |
| Report to Moderator |
|
| |
Topic |
|
|
|
| Iraq Stock X - Foreign Investment Resource |
© Aelius Group, LLC |
|
|
 |||
| * IraqStockX.com is provided by Aelius Group, LLC. We have no direct affiliation with the Iraq Stock Exchange. Aelius Group is an information systems company providing information to foreign investors who desire to invest in the Iraq Stock Exchange. Aelius Group does not offer investment advice. We strongly recommend that you check with your attorney, accountant, or financial advisor before using any information from this site. Aelius Group is in no way responsible for any investments in Iraq made with information from this site. There is no way to confirm the legitimacy, accuracy, or business practices of Bank Brokers or the Iraq Stock Exchange using IraqStockX.com. Investors who choose to utilize the process provided through IraqStockX.com do so at their own risk and take all responsibilities upon themselves to investigate the legitimacy of the process and business practices of Bank Brokers and the Iraqi Stock Exchange.
Investing money in Iraq is very risky. You should therefore consult with a professional investment advisor before making any investments. | | Read about investing in Iraq at www.investorsiraq.com. | PRIVACY STATEMENT |
| | copyright Aelius Group 2006 |
|  |
Telecom
