Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

“VTEL Holding” obtains the 4G services license in the Iraqi-Kurdistan Region

2013-11-24

 Palestine Telecommunications PALTEL announced that “VTEL Holding” – the offshore investment arm of the company - was licensed to operate the “4G Services” in the Iraqi-Kurdistan Region, through its company Newroz Telecommunications. “VTEL” owns 45% of “Newroz Telecommunications” that offer fixed line services since 2009 and was licensed to offer 4G services for internet services. Newroz Telecommunications is considered the best investment company for “VTEL”, whereby, recorded net income of $25 million in 2012. Mr. Ammar Aker- the board chairman of VTEL- expected a significant increase in Newroz’s profits with its expansion after being licensed to offer the 4G services. Newroz Telecommunications is one of the two companies that obtained the license of 4G services but the only company that really started to provide this generation services. Mr. Aker was confident to emphasize that 4G services will positively and significantly affect the performance and financial indicators of “VTEL”. Aker continued: “We are expecting an expansion in “Newroz Telecommunications” business after obtaining the 4G services and thus influence VTEL’s performance more, whereby, owning 45% of Newroz Telecommunications will enable us to consolidating its financial statements to “VTELs”. 

 


 

2021-04-12
NAPCO proposes distributing 9.38% stocks dividends for the year 2020

2021-04-12
TIC approves distributing 15% cash dividends for the year 2020

2021-04-08
QUDS approves distributing 3.50% stocks dividends and 4.50% cash dividends for the year 2020

2021-04-08
TRUST approves distributing 10% cash dividends for the year 2020

2021-04-08
Relative Calmness in the PEX and a momentum in holding the general assembly meetings

2021-04-08
NCI proposes distributing 10% cash dividends for the year 2020

2021-04-08
PEC approves distributing 10% cash dividends for the year 2020

2021-04-04
NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-04-01
APIC proposes distributing 9.1476% stocks dividends and 7.50% cash dividends for the year 2020

2021-04-01
Al-Quds Index declines significantly following the dividends’ entitlement of the PEX’s two largest companies

2021-04-01
BOP approves distributing 1% stocks dividends and 4% cash dividends for the year 2020

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013