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Zain develop secure financial worth 18.6 million dollars at the Communications and Media Commission
06/02/2014 11:05
Announced Mobile Telecommunications Co (Zain) that, further to its previous declaration concerning the financial penalty imposed by the Iraqi government on the mobile phone companies in Iraq and special level of service performance, including Zain Iraq, owned by 76% of Zain Group, please be advised that the company may have to deposit an amount of U.S. $ 18.6 million have Communications and Media Commission of Iraq pending the completion of legal procedures with the competent authorities, knowing that this fine will not have a financial impact on the consolidated financial results of the company.
He revealed the latest financial report issued by Bank of America for a positive outlook for the financial indicators for the Zain Group for the current financial year 2014, where the report showed an optimistic outlook for the Group's operations are deployed in the Middle East and Africa.
Devoted report a wide area for Zain operations in Iraq, where he was the bank that the growth opportunities large before the company's operations in Iraq during the current year of 2014, based on his expectations this to the preparations undertaken by the company now is to launch third generation services, which agreed to give the Iraqi cabinet Finally.
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