Subscribers’ deposits to stay as deposits

Although the Civil Act’s article 633 clearly states that profits gained from deposits belong to owners, to update the state of deposits of some 40m Telecom partners, which have been invested in telecom networks, is a necessity.
The authorities, however, have so far ignored the matter completely and do not intend to make any decisions on the subject.
An informed source believes Telecom has changed its mind about the conversion, and intends to keep the deposits as deposits.
Earlier, the Privatization Organization’s Government Companies’ Shares Preparation deputy had said that subscribers who have deposits with Telecom would pay less for their calls once Telecom undergoes privatization.
Telecom authorities, however, seem quite unaware of such intension.
Iran Telecom assets are estimated as around 140,000b Rial, of which 40,000b Rial is subscribers’ deposits on landline and mobile phones.
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