Economy, Sci & Tech

Telecoms Regulations Modified

Telecoms Regulations ModifiedTelecoms Regulations Modified

Following changes in Iran's information and communications technology marketin the last Iranian year (ended March 19, 2016), the Communications Regulatory Authority announced plans to streamline mobile and landline phone services.  Last year, several permits were issued to new Internet providers and mobile phone operators. The most important permits were in the areas of Fiber Channel Protocol and Mobile Virtual Network Operators, local technology news website ICTNA reported. One of the main problems in this area is the issue of joint ownership, which the CRA would not allow. However, having assessed the feedback from business owners, the CRA modified the regulations and now allows for joint ownership as long as the shares purchased through the stock market do not exceed a 5% share.  If a company needs to sell more than 5%, it will have to get the organization's approval.