Iran investing heavily in expanding national internet network

ICT Materials 30 May 2020 14:54 (UTC +04:00)

TEHRAN, Iran, May 30


Iran has invested more than $23 billion to expand national internet network infrastructure, and the country is equipped with 4G internet, said Iran's Information and Communications Technology Minister.

"Development of national internet network will be completed in June, while developing defense infrastructure is an important issue," said Mohammad Javad Azari Jahromi, Trend reports citing IRNA.

"A network data center is expected to start operating in Tehran in July and it has necessary capacity for hosting search engines," he said. "Startup companies can reduce problems in the ICT sector. Iran's Mobile Telecommunication Company alongside internet service providers Asia Tech and Shatel that are active in stock exchange trading."

"In the field of information technology, large startup transportation network companies such as Snapp and Tapsi are inclined to offer shares at the stock exchange, since it would create transparency in their value system and financial sources. However, their presence has been delayed due to the problems in identifying their property's value," the minister said.

"Furthermore, given budget limitation for national information and communications technology network in current Iranian year [started March 20, 2020], trading shares of ICT companies can solve existing problems and facilitate expansion of digital economy," he added.