Hamrahe Aval (MCI)

Mobile Telecommunication Company of Iran (MCI) also known under its brand name Hamrahe Aval is the first and largest mobile operator in Iran. MCI is a subsidiary of the Telecommunication Company of Iran with approximately 18 million postpaid and 49.4 million prepaid subscribers. Hamrahe Aval's service is available in 1,239 cities and over 70,000 kilometers of highway in Iran. It provides roaming services via 270 partner operators in 112 countries. In December 2010, 5.5% of the MCI shares were offered on the Iranian over-the-counter market (Farabourse), at a value of $396 million which was the largest IPO-to-date in the Iranian OTC equity market. In August 2013, the company moved from the OTC to the Tehran Stock Exchange main board. Market value of the company in march 2017 was $ 4,326 million