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Major ISP Merger in Limbo
Major ISP Merger in Limbo
Monday, June 11, 2018

Major ISP Merger in Limbo

Monday, June 11, 2018

Major ISP Merger in Limbo

The merger between two of the largest local internet service providers, HiWEB and Pars Online has been called into question, as HiWEB’s director says the deal can be called off.
HiWEB CEO Iman Miri says the situation will be clarified by June 21, adding, “Either we reach a conclusion or cancel the deal altogether.”
Providing reasons, Miri told the reporters with the local electronic magazine Peivast that the circumstances in the Internet market have changed drastically compared to eight months ago when the merging process was initiated. 
With the introduction and growth of third and fourth generation mobile telecommunications technologies in recent years, Iranian ISPs have observed a noticeable decline in revenues as users in growing numbers are turning to mobile services to surf the web.

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06/11/2018
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