Iraq’s Communications and Media Commission (CMC) has confirmed that it plans to fine mobile operators Asiacell, which is owned by Qatar Telecom, and Korek Telecom (co-owned by France Telecom-Orange and local logistics company Agility) for their respective failures to list on the Iraq Stock Exchange (ISX), as per the conditions of their operating licences. Reuters reports that the watchdog will fine Asiacell USD8,500 a day since 1 September 2011, whilst Korek will face a smaller penalty of USD2,500 per day
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OVETEL CMC to fine Asiacell, Korek for failing to list
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