25 percent of TCI shares to be sold to foreign shareholders: TCI managing director

”According to foreign investment and privatization laws, foreign shareholders cannot own more than 35 percent of each sector share on the market,” Saber Feizi told Mobna news agency.
”Since Second Operator is partly owned by foreign shareholders and a portion has been assumed for foreign shareholders in Third Operator, foreign shareholders’ presence in TCI has also to be decided,” he added.
Privatization Organization has to decide how many TCI shares foreign shareholders could own and will determine the percentage when TCI block shares are offered.
So far 30 percent of TCI shares have been sold off and the remaining 50 percent are to be sold off as block shares.
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