MTC Atheer to increase investment in Iraq to $430 million (19/09/05)

The mobile telecoms market in Iraq will become one of the largest mobile markets in the Middle East by the end of the year, according to Ali Al Dawhi, General Manager of MTC Atheer.

MTC General Manager Al Al Dahwi

The company, which currently operates the GSM network in southern Iraq and Baghdad, is rapidly expanding its infrastructure and increasing investment in the country to a total of $430 million, to meet this booming demand.

MTC Atheer launched services in southern Iraq in March 2004, and today has over 900,000 subscribers both in the South and Baghdad. As demand for mobile services in Iraq grows,

MTC Atheer is increasing its investment in network infrastructure by 40 per cent by the year-end, in order to be able to cater for an expected 1.5 million customers.

The potential for development of the mobile services market in Iraq is much greater than initial studies suggested, and the growth so far has been huge.

By the end of the year Iraq will have attracted four million mobile subscribers users in under two years, a phenomenal rate of growth,' said Al Dahwi. 'Iraq has a great opportunity to surpass most of the developing Arab states, so long as security can be achieved and development continues at a good pace.'

The company has managed to exceed its planned targets for Iraq however, reaching 500% greater subscriber numbers and 450% more capital investment that its original commitments. It has also been able to expand its network coverage with 360 base stations, more than 400% than planned, and has introduced voice mail and SMS services and full GPRS coverage. MTC Atheer is also investing heavily in the Iraqi people by creating almost 10,000 direct and indirect jobs for Iraqis, and committing itself to sponsorship of the Iraqi National Orchestra and Iraqi National Olympic Team, and other community programs.

'MTC Atheer's strong growth in Iraq has enabled us to bring telephony to many more Iraqis than we had initially planned. We are now aiming to cover the entire Baghdad and Southern region by the end of the year and to expanding our services to the entire country in 2006. MTC Atheer is dedicated to continuing investment in Iraq, to building our infrastructure in the country, to the development of our 100% Iraqi workforce, and dedicated to the future of Iraq,' Al Dawhi said.

Source: Ameinfo