Mobile Telecommunication Company of Iran

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Mobile Telecommunication Company of Iran
Hamrah-e-Avval
Type Public
Traded as TSE: HMRZ1
ISIN: IRO1HMRZ0007
Industry Telecommunications
Founded 1994
Headquarters Tehran, Iran
Products Prepaid and postpaid mobile phones
Parent TCI
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