Speaking at the recent ceremony, Mohammad Jafarpour, CEO of the Telecommunication Company of Iran (TCI), highlighted the company’s ambitious fiber optic mega-project, which aims to provide high-speed connectivity to 27 million users. Following a surge in connectivity over the past year, TCI is now aggressively pursuing a target of 2.5 million fiber optic subscribers.
Jafarpour emphasized that infrastructure development is the cornerstone of TCI’s future strategy. “The transition from a traditional ‘telephone operator’ to a comprehensive ‘service operator,’ alongside the expansion of digital business models, is the core of our future transformation,” he stated.
TCI remains a dominant force in Iran’s ICT landscape. A key player on the Tehran Securities Exchange since 2008, the company leads the telecommunications sector in market capitalization. As of the close of yesterday’s trading, the industry’s total market cap stood at over IRR 135 trillion, with TCI commanding a significant share of more than IRR 71 trillion.
Tracing its roots back to 1971, TCI was established with an initial capital of IRR 5 billion and pioneered Iran’s first mobile service in 1993. This mobile division was later spun off in 2004 as the independent Mobile Telecommunication Company of Iran (MCI).
TCI underwent privatization through an Initial Public Offering (IPO) in August 2008. The move underscored the company’s commitment to transparency and corporate governance. Despite facing various operational challenges, TCI maintained its position as the nation’s largest telecom operator through rigorous cost management, strategic domestic partnerships, and significant investments in network and IT infrastructure.
During the bell ringing event, to commemorate TCI’s 18-year listing milestone on the TSE, Dr. Mahmoud Goudarzi, CEO of TSE, presented a commemorative icon to the company’s CEO.”
The ceremony, which was accompanied by a media Q&A session, provided an opportunity for closer interaction between listed issuers and capital market participants. During the event, journalists held discussions with TCI’s senior executives regarding the company’s performance, development plans and future outlook.
