France’s Orange says in talks with Iran’s MCI on potential cooperation
French telecoms operator Orange is in negotiations with Mobile Telecommunication Company of Iran (MCI), the country’s largest mobile operator, “regarding a number of areas of potential cooperation and business topics,” a spokesman said.
“We anticipate that these discussions will be concluded within a few months,” the spokesman said in a statement sent to Reuters. The statement did not elaborate on what those areas of cooperation could be.
The Wall Street Journal reported earlier on Wednesday that Orange had entered preliminary talks to buy a stake in MCI, as well as on a commercial and technical agreement.
The company did not specifically confirm or deny this but said: “Like many other international operators, Orange has been considering opportunities in the Iranian market subsequent to the implementation of the JCPOA.” The JCPOA is a nuclear deal struck between Iran and six world powers.
Following that deal, most United Nations sanctions on Iran were lifted in January when the U.N. nuclear watchdog confirmed that Tehran fulfilled commitments under its nuclear deal.
Major international companies have been rushing to try and establish a position in Iran as the Islamic Republic re-opened for business after the lifting of international sanctions. Iran is still subject to a U.N. arms embargo and other restrictions.
“We are conducting feasibility studies to understand and assess what is possible in this complex environment, particularly with regards to certain economic sanctions that continue to apply to Iran,” Orange said in its statement.
The French government controls 23 percent of the shares of Orange.
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Amir
September 1, 2021 at 5:04 pm
Why Orange? Why not self driven Iranians intellectuals and entrepreneur inside the country. You guys still do not believe yourself and the blood within your body. Who ran the country for past 38 years, technologically, when Barbarians were always at the gates with heavy duty sanctions from all sides. It is true that at the beginning they had so many obstacles and mistakes, but I am very sure that most of them are either expert or going to be one. I traveled to Iran 23 times, I have seen Iranians who can built an oil rig in the middle of the Persian Gulf 1/3 of the cost of TOTAL that people from TOTAL have bad dreams because of that, I have heard two Iranian brothers whose company can built tunnels under city without the help of foreigners. Please use people within rather foreigners that all they want is “control”. Iranians are ” Aab Dedah” already, please don’t mess it up. Keep the momentum going..
Naghmeh
September 2, 2021 at 2:26 pm
Thank you. I’ll share your comments in my Facebook, beside telling everyone verbally….