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FINANCIAL NEWS
Iraq telecoms denies USD100m fine against Kuwait’s Zain
16 Jun 2015
(MENAFN) Iraq’s telecom operator has officially refused a USD100 million fine imposed on Zain Iraq , the country’s prime mobile phone operator, a corporate statement said, Reuters reported.
The scuffle about the fine has been on for several years now between the companies. Back in 2011, the Communication and Media Commission (CMC) claimed that Zain Iraq had sold sim cards without official permission.
CMC issued the fine and claimed a sum of about USD162 million as its lawful portion of revenue from the mobile accounts in question, a move that marked the ending for the long-term dispute in April.
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