Iran to privatise state telecom firm

Iran is to privatise its government-owned telecom company by March 2008.

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By  Michele Howe Published  June 17, 2007

Iran is to privatise its government-owned telecom company by March 2008, the end of the Iranian year, according to a report by Reuters.

The news agency report cited a television broadcast by the country's state television on June 14. "The telecommunications company will be given to the private sector by the end of the year," the television quoted the company's managing director, identified only as Ghaffarian, as saying.

He was referring to the Iranian year, which ends on March 19.

The country's president Mahmoud Ahmadinejad launched a plan last year to sell heavily discounted shares in state firms to the poor, as part of his pledge to spread the Islamic Republic's wealth more evenly.

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