TCI goes public

August 10, 2008 - 0:0

TEHRAN – The shares of Telecommunications Company of Iran (TCI) is being offered as of Saturday at Tehran Stock Exchange Market.

TCI is the seventh state owned company being privatized according to the Article 44 of the Constitution.
TCI share price is determined based on supply and demand in the market, Esmaeil Gholami the deputy head of the Iranian Privatization Organization told Mehr News Agency.
It is expected that foreign entities will bid for buying TCI shares