50 percent minus one TCI shares saleable through underwriters

“When a state-owned company changes status to private company, most of its limitations are removed before revision on its management is carried out,” Mozafar Pour-Ranjbar, an official at Tose’eh Etemad Mobin Consortium said.
“Because of time limit, 20% of the contract value is not paid through underwriters but provided through consortium’s financial sources,” he said.
“TCI’s debt to its subscribers may be resolved once its shareholders take charge and they will decide according to current law,” he added.
“Tose’eh Etemad Mobin Consortium, on the basis of the contract license, has to pay 28.1% of mobile and 8% of landline revenues to the government,” he said.    
“There is a term in the operators’ activity license which stipulates that the operator has to observe security issues, otherwise they are not allowed to protest,” he added.
“Changing telecommunication tariffs is debatable, TCI has entered a competitive arena and we intend to control final tariffs. Higher revenue is the goal of every economic agency,” he said.
“High-quality services should be offered at appropriate rates and an economic agency cannot be indifferent to its subscribers,” he said.
“Sale of shares and management revision afterwards are part of the privatization process. We are determined to have long-term contract with all operators and we will cooperate with them in interconnection, site sharing and infrastructure,” he continued.
113/19