Middle East Bank to Invest in Major ISP

EghtesadOnline: Major Iranian Internet Service Provider Asia Tech and privately owned Middle East Bank have inked an agreement which entails bilateral collaborations between the two as well as investment in the ISP by the bank.

News ID: ۷۸۳۸۴۹

29 August 2018

According to the public relations office of Asia Tech, as per the agreement the bank is to invest an undisclosed sum in the ISP. The Internet Service Provider hopes to expand its activities and strengthen its foothold in Iran’s vast communications market. Earlier the firm announced plans to list its shares on Tehran Stock Exchange to raise the much-needed capital for expansion of its services. The plan is yet to go ahead, according to Financial Tribune.