CWC's Iraq Telecoms 2011: Iraqi Telecom Operator Kalimat Plans to Invest $250 Million

Kalimat recently confirmed their support as a sponsor for the sixth Iraq Telecoms 2011 Conference at the Ritz Carlton, Istanbul happening between 25‐27 October. End Quote

(1888PressRelease) May 26, 2011 - Kalimat, majority owned by Kuwait's royal family operating in six major Iraqi cities, has announced plans to provide mobile, fixed and data services throughout Iraq by November 2011.

According to a recent report from Reuters, Kalimat plans to invest $250 million in 2011, and launch an initial public offering (IPO) next year with the aim of tripling their current 300,000 subscriber base by the end of 2011.

With such ambitious plans, Kalimat recently confirmed their support as sponsor for the sixth Iraq Telecoms 2011 Conference at the Ritz Carlton, Istanbul happening between 25‐27 October this year. Chief executive Wilson Varghese will be addressing the conference with insights around their wireless ICT infrastructure.

On confirming their support for the event, Wilson Varghese stated, "The planned IPO should help the company to expand as it eyes a nationwide rollout of services by the end of this year."

Organisers confirmed that Iraq Telecoms will emphasise the growth and reconstruction opportunities within the Iraqi market as the country moves on with building its infrastructure with many major programmes planned.

Key industry support is already confirmed for the Iraq Telecoms conference; sponsors to date include: Asiacell, CDN, Zain, Scopesky, Nokia Siemens Network, Huawei, O3b, Arabsat, DragonWave, Korek, Kufan Group, Silkroad Group, Kalimat, Eutelsat, Technology Partners, PCCW Global, and Zhone. Representatives from many of the sponsors will be delivering further insight in their plans for expansion.

For further information visit: http://www.iraqtelecoms.com/

###

space

Other Related Press Releases