MCI to remain with Telecommunication Company after privatization: MCI official

Tehran, 17 Nov, MOBNA – Mobile Company of Iran managing director denied the rumor about separating MCI from Iran Telecommunication Company after privatization.

“MCI separation from Telecommunication Company is not possible since Telecommunication Company has been sold off in bourse with all its balance (money making subsidies),” Saber Feizi told Mobna news agency.
“No company can separate form Telecommunication Company. The issue needs executive board and parliaments decree,” he added.
“This rumor is spreading to decrease Telecommunication Company share price,” Feizi said.  
“Telecommunication Company has been sold off in bourse in 32 companies form (30 provincial companies, Telecommunication Company and MCI) and any company can no be separated in future,” he said. 
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