Top International Telcos Choose Iran for Foreign Investment Plans

EghtesadOnline: The lifting of most financial and economic sanctions against Iran in January 2016 has caused a wave of investment flowing into the country as international organisations look to benefit from one of the fastest growing economies in the Middle East.

News ID: ۷۳۵۴۳۰

31 July 2016

The telecoms industry has been of particular interest for foreign investment with rapid growth due to deregulation, licencing of new MVNOs, roll-out of 3G and 4G services and a flourishing start-up sector, reports ILNA.

Indicative of this, the Telecommunication Company of Iran (TCI) has recently signed a EUR1 billion finance agreement with an unnamed overseas vendor for the expansion and upgrade of its networks as well as cooperation agreements with Italian telecoms equipment manufacturer Itatel and foreign telecoms carriers KT Corp of South Korea and Kazakhtelecom of Kazakhstan.

In response to this international interest, Capacity Media is proud to announce that the Ministry of Information and Communications Technology of Iran and the TIC will officially co-host Iran Connect (6 & 7 September 2016, Tehran).

Providing a high-profile conference of C-level speakers addressing revenue growth opportunities in a highly lucrative market, the event will also facilitate meetings and introductions for international operators, vendors and service providers with Iran's entire telecoms industry.

Exclusive keynote addresses will be delivered on 6 September by H.E. Dr. Mahmoud Vaezi, Minister of Information and Communications Technology of Iran, Mohammad Javad Azari Jahromi, Deputy Minister, Chairman of the Board and Managing Director for Telecommunication Infrastructure Company Iran, and Mr Nicholas Hopton, Her Majesty's Chargé d'Affaires to the Islamic Republic of Iran.

Iran Connect presents a unique opportunity for international organisations to gain an insight into the region's leading market for broadband and mobile services, with legal and business advice provided to all attendees at the pre-event workshop on 5 September.