Zagil Wireless to build mobile network in Iraq

New company gears up to rebuild Iraq’s wireless communications infrastructure

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By  Maddy Reddy Published  September 8, 2003

Mobile phones could be ringing soon in Iraq, if all goes according to plan for Zagil Wireless. The 6-month old company headed by CEO Dinha Alzebari and cofounders Francis Zagil Wireless and Asaad Yahya Alnajjar, Chief Strategy Officer today unveiled their plans to raise capital from prospective bankers and investors. The new mobile network would be build primarily by Iraqi engineers with U.S telecom and mobile industry experience.

50% of the 16,000,000 ownership shares will be sold to Iraqi investors through an already established agreement with Sumer Bank in Iraq and through other Iraqi banks with 2.50% of the ownership by Zigal’s staff.

Commeting on the company’s venture Mohamad Shaboot, Marketing Director of Zagil Wireless said, 'Zagil Wireless's business plan calls for major capital expenditure in the early stages so as to rapidly establish base sites and assure an equitable focus across the main cities.'

Besides starting off with basic mobile phone services the Iraqi company has plans to offer network management, telecom solutions, wireless and wired broadband communication services soon. Zagil is currently in the process of finalizing the registration papers, the share offerings and other legal work of Zagil Wireless in Iraq and would commence operations as Iraqi company under the commercial laws of Iraq. For now the company’s corporate website is under construction.

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