In a ceremony celebrating Irancell’s 17th anniversary, the CEO announced that over $10 billion has been invested in developing Irancell’s infrastructure from its inception to the present. According to him, during the first half of this year, the operator experienced a 26.6% growth in operational revenue and a 21% increase in data revenue.
Irancell Celebrates 17th Anniversary with $10 Billion Infrastructure Investment
According to IDEA, Irancell marked its 17th anniversary with an announcement by the CEO, Bijan Abbasiarand, revealing over $10 billion in infrastructure investment since its inception. The company experienced significant growth in the first half of this year, with a 26.6% increase in operational revenue and a 21% rise in data revenue. Irancell now boasts 64.4 million subscribers, holding a 43.3% market share, including 45.5 million mobile internet subscribers and 7.8 million fixed-line subscribers.
Irancell Addresses Revenue Slowdown and Contributed Funds
During the 17th-anniversary celebration, Irancell’s CEO discussed the company’s substantial financial contributions, having paid over 78 trillion Iranian rials (approximately $10 billion) to the government. The CEO attributed the recent revenue slowdown to the end of the pandemic-related growth surge, emphasizing that online education, remote work, and data consumption had driven previous revenue increases. Additionally, internet restrictions impacted operators’ revenue, but a 26.6% growth in operational revenue during H1 2023 indicates positive trends.
Irancell Advocates Mobile Internet Tariff Adjustments
Irancell’s CEO called for differentiated pricing between mobile internet and fiber optic services to stimulate fiber optic adoption. The aggressive pricing strategies of mobile operators had hindered fiber optic expansion, leading to the need for new pricing structures. While acknowledging the government’s role in tariff determination and internet package formulation, Irancell invested about $1 billion in the past year to balance its network expansion between mobile and fiber optic services. Shifting data traffic to fixed networks was preferred to manage costs effectively.
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