NEWS
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 

Comments:

Leave a Comment:

   
   
   
 

Nippon Steel plans additional output cuts after July

A deteriorating demand outlook has forced Japanese steel maker Nippon Steel to plan additional steel output cuts after July, by bringing forward the closure of two blast furnaces (BFs) originally planned for later this year.
 

MIIT actively working on introducing stimulus policies to boost automobile consumption in China

Ministry of Industry and Information Technology (MIIT) is actively cooperating with relevant ministries and commissions to study policies and suggestions for boosting and stabilising automobile consumption in China. Such was the statement of Xin Guobin, Deputy Minister of MIIT at a press conference during China’s Manufacturing Industry Resumption Meeting on Monday, March 30.
 

Iran Sets Up Project to Produce Molybdenum-99

The Atomic Energy Organization of Iran launched a national project to produce molybdenum-99, a radioisotope used to make radiopharmaceuticals.
 

METAL 2020: The Expo is on the Horizon

29 September to 1 October 2020 the Kielce exhibition and congress centre hosts the International Fair of Technologies for Foundry METAL. METAL Expo is one of the two most important industry events in Europe.
 

Iran’s Giant Car Maker Unveils First Homemade Gearbox

The biggest and oldest carmaker of Iran unveiled its latest achievement in the automobile industry, first home-made six-speed transmission, in a bid to start a new era of mass producing comfortable and efficient cars.
 

Iranian Pet-Chem Plant Posts Record High Output

Shahid Tondgooyan Petrochemical Company (STPC) in South of Iran announced that its output peaked to record levels in the past 8.5 months (March, 21- December 6), highlighting that the plant is going to increase its production with adding new units and technologies.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners