|
|
|
Mahmoud Ahmadinejad: no desire to understand economics |
WHEN HALF THE shares in Iran’s state telecom company were put on sale on September 9, the move was hailed as a great leap forward for the country’s programme of economic liberalization.
"This is the biggest government company to be sold so far so it’s very important," says Behrouz Alishiri, head of international affairs at the ministry of finance. "It’s worth about 20% of everything the government has privatized. It will have a huge influence on the market."
With a market capitalization of $9.7 billion, Telecommunications Company of Iran (TCI) is the largest company to be listed on the Tehran Stock Exchange (TSE). With a monopoly on fixed-line telephone services and ownership of one of the country’s two mobile networks, it is also of vital strategic importance.
By any measure, therefore,...
