Iraqi Cabinet approves the 4th mobile license

In its 42nd session, Iraqs CoM approved the award of the 4th mobile license to state-owned company Al-Salam.  Minister Hiyam Al-Yassiri told reporters that the government will initiate discussions with major global companies to operate the network.  Local funds, including Public Pension Fund, and Social Security Fund, are allowed to have stakes in the new company, with Iraqi citizens to be offered 10% shareholding.  In separate moves, CMCs Board of Commissioners (the Regulator) met on the 31st of October, announcing that the required frequencies have been reserved.  According to the Minister, moves to attract Operators are already underway.