The Iraqi Communications Authority bet on collecting debt to improve its income

The Media and Communications Authority in Iraq relying on the collection of debt due to the company “Cork Telecom”, which amounts to $ 1.3 billion to increase its revenue, and to provide the state budget while to “Ali Al -Moayad, the head of the authority,” Al -Sharq “. Al -Muayyad revealed that the revenue of the government last year amounted to approximately 925 billion dinars ($ 708 million), to rise about three times its level in 2022, thanks to the collection of much of the debt to the licensed mobile companies, and to reach 700 billion dynars since the beginning of this year, except for the beginning of this year, “Cork”. The government, as an independent organizational authority, is mainly dependent on its revenue on the telecommunications sector. There are currently three private telecommunications companies working in the country: Zain Iraq, “Asiasil” and “Cork Telecom”. In the latest development in the sector, the Iraqi Prime Minister media office announced last month that the council has agreed to choose the “Vodafone” business, which runs the fourth national mobile license project with the fifth generation technology. The head of the media and communications authority has “Cork” ready to pay in installments that the judicial decisions on the country’s right have proven to $ 1.3 billion from “Cork”, emphasizing that the collection of this amount will be a major boost for the revenue of the government. He pointed out that the company expressed its willingness to pay the amount in installments because he could not pay it at the same time. He said that the government studied “legal inquiries” with government agencies about the possibility of approval of the request, while negotiating to pay the obligation, and expressed his hope to achieve a solution to being Iraq. The Iraqi official emphasized that the settlement of this remaining debt is a priority for the authority, especially in light of his important role in financing the state treasury. He added that continuing collection of these fees will support the authority to improve the quality of services and regulate the telecommunications sector, in accordance with global developments.