Mobile Telecommunication Company of Iran
 |
|
| Public | |
| Traded as | : HMRZ1 ISIN: IRO1HMRZ0007 |
| Industry | Mobile network operator |
| Founded | 1992 |
| Headquarters | Tehran, Iran |
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Key people
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Ali Baghaei (President) Vahid Sadoughi (CEO) |
| Products | Fixed-line and mobile telephony, Internet services , broadband and fixed-line internet services, digital television and network services, and global backbone network |
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Number of employees
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5000+ |
| Parent | TCI |
| Website | www.mci.ir |
Mobile Telecommunication Company of Iran (Persian: شرکت ارتباطات سیار ایران), commonly abbreviated as MCI and also known under its brand name Hamrahe Aval (Persian: همراه اول; the first companion), is the first and largest mobile operator in Iran. MCI is a subsidiary of the Telecommunication Company of Iran and has approximately 17 million postpaid and 49 million prepaid subscribers. Hamrahe Aval's service is available in 1,239 cities and over 70,000 kilometers of highway in Iran. It provides roaming services via 271 partner operators in more than 112 countries.
In December 2010, 5.5% of the MCI shares were offered on the Iranian over-the-counter market (Farabourse), at a value of $396 million, which was the largest IPO-to-date in the Iranian OTC equity market.
In August 2013, the company moved from the OTC to theT6ehran Stock Exchange
Market value of the company in April 2014 was $4.3 billion.
Currently, 90% of MCI's shares are owned by the Telecommunication Company of Iran, and the remaining 10% of shares are public at the Tehran Stock Exchange.
In 2015, MCI launched 3G technologies by a new brand name as Notrino.
By the end of March 2004, the number of the subscribers grew up to 3,450,000 subscribers; the number of subscribers is more than 43 million today (the number of subscribers of Hamrah-e-Avval). In addition, Hamrah-e Avval has also provided proper coverage over more than 52,000 km of countrywide road networks and 1120 cities throughout the country. In line with 3rd Socio-Economic and Cultural Development of the Islamic Republic of Iran, a number of 4,590,000 new subscriptions were added to the network which in turn shows 934.8% increase and the penetration rate was increased from 0.78% at the beginning of the 3rd Socio-Economic and Cultural Development of the Islamic Republic of Iran to 7.5% by the end of the Plan. By the end of the 3rd Socio-Economic and Cultural Development of the Islamic Republic of Iran, the tree provinces with the highest penetration rate were Tehran, Isfahan and Yazd respectively; from the point of view of performance, Tehran, Isfahan and Yazd had also the highest performance.
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Wikipedia