Iraqi mobile operators pay $307m for 3G licence

GMT 11:59 2014 Monday ,10 November

Arab Today, arab today Iraqi mobile operators pay $307m for 3G licence

Iraq to auction 3G licenses
Baghdad - KUNA

The Iraqi Communications and Media Commission (CMC) has signed a 3G service contract with three main mobile operators operating in Iraq at a cost of USD 307 million each.
Under the contract, the three mobile network operators: Zain Iraq, Asiacell and Korek, can utilize the 3G spectrum in return for USD 307 million each, with the sum to be paid in four installments, CMS Chairman Safaeddin Al-Rabea told KUNA.
The move is expected to create a quantum jump in communication services in Iraq, thus positively reflecting on the economic situation in general, he added.
The signing ceremony was attended by Iraqi Prime Minister Haider Al-Abadi, Foreign Minister Baqir Jabr Al-Zubeidi and representatives from the three mobile communication providers.

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