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Iran’s telecom sector absorbs $5.8B in 6 years

Business Materials 2 October 2015 13:33 (UTC +04:00)

Baku, Azerbaijan, Oct. 2

By Fatih Karimov - Trend: Some 200 trillion rials (about $5.8 billion) was invested in Iran's telecommunication sector over the past 6 years, Mostafa Seyed Hashemi, chairman of the board of directors of Iran's Telecommunication Company, said.

He did not provide further details about fields of investment, IRNA news agency reported Oct. 2.

Iranian Communications and Information Technology Minister Mahmoud Vaezi said in August that the ministry plans to create 100,000 jobs in the current Iranian calendar year, which ends on March 20, 2016.

He added that the jobs would be created in the field of information and communication technology (ICT) and related industries.

He put the job creation figure, which was planned by the ministry for the previous calendar year, at 30,000.



"We are planning to issue different licenses such as contact center license which will lead to creation of more jobs in this year", the official mentioned.

Vaezi went on to say that Iranian government has invested 17 trillion rials (about $510 million) in development of telecommunication infrastructures in the country during the past Iranian calendar year. It is while Iran's private sector invested about 50 trillion rials (about $1.5 billion) in this field in the past year.

Edited by CN

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