Korek Telecom
| Korek Telecom
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 2000 |
| Seat | Erbil , Kurdistan |
| management | Ghada Gebara ( CEO ) |
| Number of employees | 2,500 |
| Branch | telecommunications |
| Website | www.korektel.com |
Korek Telecom Ltd. is the largest telecommunications company in the Kurdistan Autonomous Region .
history
The company Korek Telecom was founded in 2000 by Sirwan Barzanî, the nephew of Masud Barzani . Sirwan Barzanî was the managing director of Korek until 2009 and is currently the chairman of the company's board of directors . Therefore, according to the assumptions of the Financial Times , there is a connection to the Democratic Party of Kurdistan and the associated corruption. The managing director, Ghada Gebara, however, rejected these allegations. At the auction of cell phone licenses for Iraq in 2007, Korek Telecom bought one of these GSM licenses for 1.25 billion US dollars . The term for the licenses was 15 years.
In 2011, the largest French participated telecommunications provider Orange with an investment in the amount of 245 million US dollars (175 million euros ) to Korek Telecom.
Market position
The company had around 4.8 million customers in early 2013, most of them residing in Kurdistan. Korek has a 16% market share in the telecommunications industry, making it the third largest company in the country.
Individual evidence
- ↑ a b Triska Hamid: Corruption and cronyism hinder Kurdistan. In: Financial Times . September 5, 2012, accessed June 6, 2016 .
- ↑ France Telecom-Orange and Agility to acquire 44% stake in Korek Telecom. (No longer available online.) Agility Logistics, March 14, 2011, archived from the original on May 14, 2016 ; accessed on May 14, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Julian Doß: Three cell phone licenses for Iraq awarded. In: heise.de. August 20, 2007, accessed May 14, 2016 .
- ↑ Jennifer Thompson: France Telecom invests $ 245m in Iraq group. In: Financial Times . March 15, 2011, accessed June 6, 2016 .
- ↑ France Telecom invests € 175m in Iraqi operator Korek. In: FierceWirelessEurope. Retrieved May 14, 2016 .
- ^ Korek Telecom expanding its coverage. In: Invest in Group. Retrieved May 14, 2016 .
