Selling off another five percent of telecommunication shares unlikely by 21 October: a bourse official

It was planned that 16 percent of telecommunication shares to be sold off in Tehran bourse in retail form.

“Currently because of market situation and lack of liquidity no new share will be sold off,” Ali Rahmani told Mobna news agency.
“No decision has been taken yet to sell off telecommunication shares in block form,” he added.
Five percent of telecommunication shares was sold around 22 July per share price 1500 rials (15 cents). It is planned that another 20 percent justice share (allocated by government to the people with a fix amount of profit) and five percent of share for the telecommunication companys employees to be sold off soon.
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