Etisalat grabs Iran’s third mobile phone licence

Etisalat, one of the well known mobile operators across the globe, has won the third mobile phone licence in Iran. Etisalat will be in competition with the two Iranian incumbents ITC and MTN. Etisalat aims to tap a market with a mobile market penetration of less than 60, where more than half of the population of some 70 million people are under 25 years of age.
The licence will be legally applicable only once it recieves an approval from Iran’s minister of telecommunications.