71358
HiWeb to IPO on Tehran Stock Exchange
HiWeb to IPO on Tehran Stock Exchange

HiWeb to IPO on Tehran Stock Exchange

HiWeb to IPO on Tehran Stock Exchange

Privately owned Internet service provider (ISP) HiWeb will start its initial public offering this week on Tehran Stock Exchange’s secondary index.
According to the official website of the TSE, HiWeb has been granted the permits and is permitted to begin trade this week.
However, the HiWeb ticker (HWEB1) remains closed despite the markets being open, according to the TSE indices page.
Financial Tribune contacted HiWeb for further information. It was not available for comment.
HiWeb signed a non-equity “partner market agreement” with Britain’s biggest mobile operator Vodafone last October, which is one of the most advanced ISPs in terms of investment in infrastructure and offers.
According to a Vodafone press release at the time, as part of the new deal, Vodafone will assist HiWeb in modernizing network and IT infrastructure in addition to expanding fixed and mobile Internet services.
By being listed on the TSE the company will be able to raise funds for financing joint projects with Vodafone.
HiWeb is also planning to offer Mobile Virtual Network (MVNO) services.
In the MVNO sphere, it is relatively behind its rivals since several others have unveiled their MVNO SIM cards.
Earlier in March, Iran’s Communications Regulatory Authority released the ranking of leading ADSL Internet service providers. HiWeb along its old rival Shatel were the second best local Internet service providers.

 

Short URL : https://goo.gl/h6oyHf
  1. https://goo.gl/LSqWGo
  • https://goo.gl/ySHW8C
  • https://goo.gl/gu729p
  • https://goo.gl/1Pc6iW
  • https://goo.gl/BNuC6X

You can also read ...

Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Iranian expats will soon be able to register for the smart ID cards through  Iran’s diplomatic missions in their countries of domicile.
Secretary of Iran High Council of Cyberspace says every...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus