Orange stripped of stake in Iraq's Korek Telecom

Friday 24 May 2019 | 10:43 CET | News
Iraq's Communications and Media Commission has stripped Orange and Agility Public Warehousing of their stake in mobile operator Korek Telecom, according to an official document seen by Bloomberg. The regulator issued an administrative order transferring the 44 percent stake owned by the two partners to a group of local investors, which includes Korek Telecom's managing director, Sirwan Barzani. A Kurdish regional ministry executed the order in a document signed in March.

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Categories: Mobile & Wireless
Companies: Korek Telecom / Orange
Countries: Iraq
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