Russias third-largest mobile phone operator, MegaFon, is prepared to invest around three billion euros ($4.64bn) to build a GSM network in Iran, the company said. MegaFon hopes to win a tender for the third GSM licence in Iran, the firm quoted its general director Sergei Soldatenkov as saying at the opening of a representative office in Tehran. There are currently two mobile service providers in Iran - state-controlled Iran Telecommunication Company (ITC) and MTN Group, sub-Saharan Africas biggest cellphone operator. (Gulf Daily News, MegaFon to invest $4.6bn in Iran, June 11, 2008)

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