Purchase of telecommunication shares like purchasing world’s biggest gold mine: expert

“TCI stock’s 1,500-rial (15 cents) price determination and the sale of 2.239 billion of its shares have boosted the telecom industry and the capital market,” Asadollah Sajjadian told Mobna news agency.
He said that the 1,500-rial price determination was carried out with close coordination by the authorities concerned and the figure is very promising.
He said that TCI was exempted from economic embargos and the sale of TCI stocks to foreign companies could ease the arrival of foreign telecom substructure technologies.
He urged market activists to allow public to determine for themselves and not to influence them.
He stressed that TCI was the seventh and largest state-owned company to enter the Tehran Stock Exchange and will add another 60.88 trillion rials (around six billion dollars) to the existing capital market assets.

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