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 ...

The Meeting of Central Banks and Monetary Authorities of the OIC Member Countries was held on September 21-22 in Bodrum, Turkey. 
Governor of the Central Bank of Iran Valiollah Seif said given...
Petrochemical products account for the lion’s share of the export price index (46%).
The export price index snapped its two-month contraction and...
Oberbank Deal to Trigger European Finance Flow
The chief executive of Oberbank–whose bank this week became...
iPhone 8 Arrives in Tehran
Apple’s new handsets iPhone 8 and 8 Plus arrived in Tehran on...
Apparel tops the list of goods smuggled into Iran.
The Ministry of Industries, Mining and Trade has introduced...
Proton Dissolves Dormant Subsidiary in Iran
Malaysian industrial group DRB-Hicom Berhad, the owner of...
Unwanted Mehr Housing Units to Be Repurposed
With the aim of bringing to a close the protracted and...
SCI Puts Inflation at 8%
The goods and services Consumer Price Index in the 12-month...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.