NEW YORK-Millicom International Cellular S.A. said its managed wireless network in Iran, the Rafsanjan Industrial Complex, has launched GSM services in greater Tehran.
Millicom entered into an agreement with RIC in 2004 to manage a network for 2 million prepaid customers to be owned by RIC under a build, operate and transfer contract between RIC and Telecommunications Company of Iran. Millicom is to be paid a share of the revenues generated by the network and has an option to acquire 47 percent of the company that will operate the network.
“We are delighted to be managing the RIC network that today started providing GSM services in Iran, a country with mobile penetration of less than 5 percent and a huge pent-up demand for mobile services,” commented Marc Beuls, president and chief executive officer of Millicom.
