New Technologies  

Iranian Telecom Giant Names New CEO

During a ceremony held on Saturday, Mehdi Akhavan was introduced as the new CEO of Mobile Telecommunications Company of Iran.

Akhavan replaces Hamid Farhang who had served in the position since January 2018, Tasnim News Agency reported.

The new CEO served as MCI’s chairman of the board between 2018 and September 2019.

In 2012, Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei appointed Akhavan to Iran’s Supreme Council of Cyberspace. A year later and as per a mandate issued by then-president, Mahmoud Ahmadinejad, he became the council’s secretary.

In 2014, he got a top job at the Islamic Republic of Iran Broadcasting and worked as the state-run TV network’s deputy for emerging media technologies. Mohammad Sarafraz was IRIB’s chief during the period.

Founded in 1992, MCI is the largest mobile operator in Iran with 61.7 million subscribers, data published by the Communications Regulatory Authority show. It has a 53.19% share of the total number of mobile subscribers, registering 116 million of them.

MCI is a subsidiary of the state-owned Telecommunications Company of Iran.

In December 2010, 5.5% of the MCI shares were offered on the Iranian over-the-counter Farabourse, valued at $396 million, which was the largest IPO-to-date in the Iranian OTC equity market.

In August 2013, the company moved from OTC to Tehran Stock Exchange. The market value of the company in April 2014 was $4.3 billion.

According to TSE data, the firm’s market value was 285 trillion rials ($2.4 billion) on Sunday.

Currently, TCI owns 90% of MCI's shares and the rest are listed at Tehran Stock Exchange.

In 2015, MCI launched 3G and 4G technologies under a new brand name, Notrino.

News No: 7646
Date: 2019/12/01 - 18:18
News Source: Financial Tribune

Telecommunications  Mehdi Akhavan  Mobile  MCI  technologies 


Leave a Comment:


PSA Group China to have electrified versions of all its new and retooled cars in 2020

PSA Group will start offering electrified versions of all new and retooled gasoline models in 2020, to be built at Dongfeng Peugeot Citroen Automobile. This is driven by the government’s push towards electrification.

Foseco showcases 6 new Technologies for Die Casting at EUROGUSS

Due to its strong commitment to Research and Development and by working closely together with customers in developing new applications and solutions, Foseco will be showcasing 6 new product and equipment technologies at EUROGUSS, from January 14th to 16th 2020.

BYD's October NEV sales fall on lower subsidies

Chinese automobile manufacturer BYD's new energy vehicles (NEVs) sales fell in October despite a rise in its January-October volumes.

China iron ore futures rise on easing trade tensions, firm demand

China’s Dalian iron ore futures rose as much as 2.3% on Monday, the highest in more than ten days, fueled by trade optimism between the world’s two largest economies, while firm demand from infrastructure and property sectors also helped.

Wilbur Ross hopes to avoid imported automobiles tariffs after discussions with Japan, Korea, EU

After discussions with automakers, including the firms in Japan, the United States may not levy tariffs later this month on imported automobiles from the European Union and elsewhere, said Commerce Secretary Wilbur Ross.

ATI expects shipment delays until 2020

Pittsburgh-based Allegheny Technologies (ATI) expects its volumes to increase in the first half of 2020, after customers delay shipments of jet engine materials and components in the fourth quarter.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners