Mobile Telecommunication Company of Iran

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Mobile Telecommunication Company of Iran
Public
Traded as TSE: HMRZ1
ISIN: IRO1HMRZ0007
Industry Telecommunications
Founded 1994
Headquarters Tehran, Iran
Products Prepaid and postpaid mobile phones
Parent TCI
Slogan No one is alone ...
Website www.mci.ir

Mobile Telecommunication Company of Iran (MCI) (Persian: شرکت ارتباطات سیار ایران‎) also known under its brand name Hamrah-e-Avval (Persian: همراه اولThe First Operator) is Iran's first and largest mobile phone network operator.[1] MCI is a subsidiary of the Telecommunication Company of Iran and it has over 16 million postpaid and over 18 million prepaid subscribers.[2] Hamrah-e-Avval's service is available in 1,078 cities and over 38,000 kilometers of highway in Iran. It provides roaming services via 256 partner operators in 109 countries.

In 2010, 5.5% of the MCI shares were offered on the Iranian over-the-counter market (Farabourse), at a value of $396 million.[3] This was the largest IPO to date in the Iranian OTC equity market.

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References[edit]

  1. ^ http://www.presstv.ir/detail.aspx?id=109211&sectionid=351020102
  2. ^ http://www.cellular-news.com/story/39029.php
  3. ^ http://www.turquoisepartners.com/iraninvestment/IIM-Jan11.pdf