No obligation to sell off TCI block shares by June 21: Privatization Organization head

Tehran, June 22. MOBNA – Although it was planned that Telecommunication Company of Iran block shares would be sold by June 21, its managing director said the company was under no such obligation.

“Selling off TCI block shares by the end of the current Iranian year (21 March 2010) has been put on Privatization Organization’s agenda and PO has until then to sell them off,” Gholam-Reza Heidari Kord Zanganeh told Mobna news agency.
“TCI block shares will be sold off when relevant procedures have been completed,” he added. 
He did not specify any exact date but speculated that they might be sold off next month.
TCI is the most profitable state-owned company after the Iranian Oil Company. So far 30 percent of its shares have been sold off and the remaining 50 percent are to be sold under PO supervision.
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