Prepaid service introduced in Iran

Millicom is to be paid a share of the revenues generated by the network and has an option to acquire 47% of the company that will operate the network.

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By  Tawanda Chihota Published  May 28, 2005

Millicom International Cellular (MIC), a mobile telecoms operator with cellular operations in Asia, Latin America and Africa, has launched prepaid GSM services in Iran having entered an agreement with Rafsanjan Industrial Complex (RIC) in 2004 to manage a network for 2 million prepaid customers. These subscribers are to be owned by RIC under a build, operate and transfer contract between RIC and Telecommunications Company of Iran. Millicom is to be paid a share of the revenues generated by the network and has an option to acquire 47% of the company that will operate the network. "We are delighted to be managing the RIC network that today started providing GSM services in Iran, a country with mobile penetration of less than 5% and a huge pent-up demand for mobile services." The launch of the network will bring prepaid services to Iranian subscribers for the first time. Prepaid was meant to have been introduced into the market by RIC in partnership with Tele2 in September last year, with a rollout to the cities of Shi-raz, Tabriz, Isfahan and Mashhad delayed from December 2004.

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