HiWEB buys stake in Iranian Net

Iranian ISP HiWEB has acquired a 23% stake in Iranian Net, a firm which has been tasked by the government to roll out fibre-to-the-home (FTTH) infrastructure in the country’s major cities. A report from the Financial Tribune says that HiWEB has bought its shares from the ICT arm of the Mobin Trust Consortium (Etemad-e-Mobin), which is also the majority shareholder in national fixed line operator Telecommunications Company of Iran (TCI). HiWEB currently uses a mixture of fixed and fixed-wireless networks to offer internet access in Iran. Iranian Net is part-owned by South Africa’s MTN Group.