Russia’s third-largest mobile phone operator, MegaFon, is prepared to invest around 3 billion euros ($4.64 billion) to build a GSM network in Iran, the company said late on Monday.
MegaFon hopes to win a tender for the third GSM license in Iran, the firm quoted its general director Sergei Soldatenkov as saying at the opening of a representative office in Tehran. There are currently two mobile service providers in Iran--state-controlled Iran Telecommunications Company (ITC) and MTN Group, sub-Saharan Africa’s biggest cellphone operator, Reuters reported.
Iran, which has 28 million mobile phone users, is expected to auction its third GSM license in the middle of the year but the tender has not been announced yet.MegaFon said in February it was considering long-term investment opportunities in the Iranian telecom sector despite US efforts to hinder foreign investments in Iran by imposing sanctions.
The Russian firm currently has more than 36 million clients mainly in Russia, lagging behind market leaders Mobile TeleSystems and Vimpelcom. Besides Russia, MegaFon’s only other part of the ex-Soviet pie is Tajikistan.
Comment: This is a substantial business venture-anyone who believes Russia is a friend of the West needs to take an intelligence pill. No public outcry from the weak USA leadership condemning this action-the silence is deafening!
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