IRGC Buys Majority Share of Iran Telecom

The Etemad-e-Mobin consortium, which is reportedly connected to the Revolutionary Guard (though details are scarce about the exact nature of the relationship), bought a 50% plus one share of the Telecommunications Company of Iran on Sunday, worth $7.8 billion. Two of the three companies that comprise Etemad-e-Mobin are reportedly controlled by the IRGC. The New […]