Thursday, October 13, 2011

* Telecommunications IPOs expected next year !

NOW THIS IS BIG !

* Telecommunications IPOs expected next year
* Value of those IPOs could be $4 billion
* Now 23 million mobile users in Iraq
By Aseel Kami
ARBIL, Iraq, Oct 13 (Reuters) - Iraq's stock exchange market will double its capitalization to $8 billion once the three main mobile-phone companies operating in the country are listed, the market's head said.
Asiacell, an affiliate of Qatar Telecom , Korek Telecom, which is part-owned by France Telecom and logistics firm Agility and Zain Iraq, a unit of Kuwait's Zain , are required by their license terms to list shares on the local bourse.
Read More -http://www.reuters.com/article/2011/10/13/iraq-stocks-idUSL5E7LC3P920111013

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