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As of 2013, Irancell holds a revenue of 4.9 billion dollars. It is the 32nd largest company in Iran. Currently, MTN Group holds a 49% percent stake in the Irancell consortium, while Kowsar Sign Paniz (KSP) holds the other 51% of shares. On 3 December 2014, Irancell officially launched Iran's first 4G LTE network in nine cities. [1]
In August 2020, MTN decided to sell its shares in Syria, Afghanistan and Yemen, and to divest its 49% minority holding in Irancell over time. The company's decision was based on the fact that their assets in the Middle East contributed less than 4% to group earnings in the first half of the year. [ 57 ]
MTN Irancell: Telecommunications: Khatam al-Anbia* Construction and building materials: Islamic Republic of Iran Railways: Transportation: Payam Air: Transportation: Tehran Metro: Transportation: National Iranian Tanker Company: Transportation: National Iranian Oil Refining and Distribution Company: Energy and petrochemicals: Petropars: Energy ...
The Dow Jones Industrial Average jumped 498 points, or 1.2%, and the Nasdaq composite gained 1%. Superstar stock Nvidia and other Big Tech companies led the market, which got a lift after a report ...
Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7 ...
Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Friday was an ...