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MCI to equip major Iranian railroad with 4G coverage

The key railroad connecting Mashhad to Tehran and Qom is to be equipped with 4G coverage, as per an agreement signed between mobile operator Mobile Telecommunication Company of Iran (MCI) and the Islamic Republic of Iran Railways (IRIR).

With a track length of 811km, the railroad which connects the three cities is the most traveled route in Iran. An estimated 3.2 million people used the Khorasan Razavi railroad in the first quarter of the current fiscal that started in March, up 22% year-on-year.

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Last year 24.5 million people travelled by train across the country with half the number using railroads to and from Khorasan Razavi Province, Financial Tribune reported.

There are 12,500 kilometers of railroads in Iran, 1,500km (or 12%) of which are in Khorasan Razavi Province. Mashhad, the provincial capital, is home to the holy shrine of Imam Reza (PUBH), the eighth Imam of Shias and the second most populous city in Iran. The metropolis annually hosts close to 25 million Iranian and foreign pilgrims and tourists.

Mobile Telecommunication Company of Iran (MCI) –Public Company (Public Joint Stock Company)- also known under its brand name Hamrah-e-Aval (Persian: همراه اول‎ The First Operator) is Iran’s first and largest mobile phone network operator. MCI is a subsidiary of the Telecommunication Company of Iran and it has over 18 million postpaid and over 47 million prepaid subscribers

In 2010, 5.5% of the MCI shares were offered on the Iranian over-the-counter market (Farabourse). This was the largest IPO to date in the Iranian OTC equity market.

Now 90% of MCI’s shares belongs toTCI holding (Public), and 10% of shares is public at Tehran Stock Exchange.

In 2015, MCCI launched 3G and 4G technologies by a new brand name as Notrino.