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Iraq telecom operative to go public in early 2013


05 Dec 2012
The Stock Exchange of Iraq recently says that one of the country’s biggest mobile operators will start publicly dealing its shares early next year. It is going to be the first stock float since the rule of Saddam Hussein. The ISX said in a statement recently that a quarter of the Iraqi telecom operator Asiacell shares will be dealt publicly as of February 3. The statement also says that the Initial Public Offering will take place from January 3 to February 2 and that the share cost must be settled by December 25. Asiacell, an associate to Qatar Telecommunications, is one of the three mobile operatives in the country Iraq. The other two operators are Zain Iraq, part of Kuwaiti’s Zain and Korek, an affiliate of France Telecom. Source: [The Eagle]
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