“Our licence is for 10 years and we will invest $400m in Iraq. Our expected revenue in 10 years is $1.5bn,” says Wilson Varghese, chief executive officer at Kalimat.
The network will compete directly with the fixed-line network owned by Iraq’s Communications Ministry.
Unlike the state-owned network, Kalimat will use wireless technology to enable customers to make phone calls, surf the internet over high-speed connections and use data services.
Kalimat will supply customers with wireless terminals for their homes. Although the terminals could be used to create a mobile phone network, Kalimat will not offer mobile services as it banned from doing so under the terms of its licence.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.