HiWeb Acquires 23% Stake in Iranian Net

Iranian Internet service provider HiWeb has acquired a 23% share in the country’s fourth communications operator Iranian Net.
Iranian Net, along with landline and mobile operators Telecommunications Company of Iran (TCI), Mobile Telecommunications Company of Iran (MCI) and MTN-Irancell are the country’s main communication operators.
According to permits issued by the Communications Regulatory Authority, Iranian Net has been charged with establishing the country’s fiber-optic network, a lucrative business in the fast-growing market.
HiWeb has acquired the shares from the ICT arm of Etemad-e-Mobin (Mobin Trust Consortium), news website Peivast reported.