NO. 2


Financial and Banking News

Financial Issues

Iran to Spend $6bn on Improved Telecommunications

Iran is preparing to sign contracts worth DM10bn ($6bn) to improve itstelecommunications facilities, according to a report in the Financial Times. Theprincipal suppliers are expected to be Siemens and SEL, which is part of theFrench Alcatel group, but Japanese and Korean companies may also play a role,the newspaper says. The plans involve the launching of a satellite, the...