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Black September For The Iraqi Telecom
2.10.2012
By Mrs. Benaw Izzat, Erbil
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Special to
Ekurd.net |
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October 2, 2012
ERBIL-Hewlêr, Kurdistan region 'Iraq',
— On the 12-14 November will be held the CWC Group’s
Iraq Telecoms 2012 Conference in Istanbul. Nawar
Abdulhadi, Conference Project Manager for CWC
stated: "The focus across the two days will be
creating and promoting an attractive investment
climate and Iraq’s new measures to drive growth in
the industry through clarity on regulations and
incentivising companies.”
This is going to be quite a challenge considering
the recent events in the telecom sectors:
• Morgan Stanley does not want to be the book runner
for Asiacell IPO’s anymore, leaving HSBC and Rabee
securities in charge of providing a “domestic
orientation of the IPO”. Hard to say if the killing
of an Asiacell employee near Sina’a area on August
14th scarred the foreign investors but it could be a
sensitive issue for the compliance management of the
bank after the two others incidents which occurred
earlier this year.
• Zain got its bank accounts frozen on
September 6th by the regulator as it did not pay the
fine of $262 million since February 2011 for putting
5 million SIM cards in the local market without
permission.
• The contract signed by the Ministry of
Communications with Newroztel was cancelled by
Premier Nouri al Maliki without much explanation
despite his telecom minister resignation. But Huawei
quickly signed a fiber optic contract with the new
minister H.E. Torhan Mudher Hassan Al-Mufti.
• Nothing specific on Korek side but the
parent company France Telecom reached a ten years
lowest level on October 1st in the French stock
market and analysts are anticipating bad news on
October 25th while the company should announce a
lower dividend policy.
We just have to wish H.E. TorhanMudher Hassan
AL-Mufti some better news in October, other way it
is going to be rough to convince the audience of
the” attractive investment climate” in November.
By Mrs. Benaw Izzat - Ekurd.net
Copyright
© 2012 Ekurd.net. All rights reserved
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