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Iraq’s MoC fines Zain, Asiacell & Korek

  • December 3rd, 2008
  • 5:03 am

Iraq’s Ministry of Communications (MoC) reportedly to fine the country’s three main cellcos – Zain, Asiacell and Korek Telecom – for failing to meet the network rollout conditions specified under the terms of their operating licences. ‘Asiacell is bad and Zain is very bad,’ said Hayam al-Yasiri, an adviser to the MoC. ‘Korek is breaching the licence because of the coverage and the service. Korek up to this moment does not cover many cities, although according to the licence they should cover them,’ he added. It is believed that, Korek is lacking fund for expansion in the northern region of the country. Speculation is their in the market that Etisalat is in talks to obtain a stake in the company.