Deputy Minister of Communications at General Assembly Stresses Need to Strengthen Sustainable Revenues at Infrastructure Communications Company

The deputy minister for policymaking and planning for ICT development and the digital economy at the Ministry of Communications named strengthening financial resources, increasing productivity, and developing sustainable revenues as priorities for Infrastructure Communications Company. The meeting also reported that the company's regional transit capacity has passed the five terabits-per-second mark. The ordinary general assembly of shareholders [...] wrote the deputy minister of communications at general assembly stressed the need to strengthen revenues

The vice president of policy and planning for the development of Fava and the digital economy of the Ministry of Communications considered strengthening financial resources, increasing productivity and developing sustainable incomes as priorities of the Infrastructure Communications Company. In this meeting, it was also announced that the regional transit capacity of this company exceeded the limit of five terabits.

According to ICT News; The ordinary general meeting of the shareholders of Infrastructure Communications Company for the financial year ending on March 29, 1404, was held under the chairmanship of Ehsan Chitsaz, the deputy of policy and planning for FAVA development and digital economy of the Ministry of Communications, and in the presence of Behzad Akbari, the deputy minister, the chairman of the board of directors and the CEO of Infrastructure Communications Company, the members of the board of directors and the representatives of the member institutions of the assembly.

The necessity of revising income and cost models

In this meeting, Chitsaz, appreciating the round-the-clock efforts of the employees of Infrastructure Communications Company to maintain the stability of the country's communications, emphasized the need to strengthen the financial resources of the mother telecommunication network of the country.

Referring to the financial performance of the company in 1404, he said: The operating income of the company increased by 19 percent this year, but the growth of more than 54 percent of expenses has resulted in a decrease of 38.8 percent in gross profit.

The Deputy Minister of Communications listed revising revenue and cost models, improving productivity and diversifying revenue sources as requirements for the company's financial stability and deemed it essential to provide the resources needed to maintain and develop the country's main telecommunication network.

Emphasizing the role of communication infrastructure in the country's economic performance, Chitsaz clarified: the cost of maintaining the network is the cost of maintaining the flow of the economy; The quality of communication affects the productivity of businesses and the quality of people's services, and investment in this field lags behind the growth of society's needs, leading to a decrease in the quality of services and the loss of economic opportunities; An issue that is unfortunately happening.

Emphasis on the infrastructural efficiency of internal platforms

He also pointed to the stable situation of bandwidth and resources allocation to internal messengers and platforms, and emphasized the necessity of developing smart government services on the basis of these platforms.

Chitsaz considered clarifying the infrastructure costs of platforms and optimizing technical and traffic algorithms as effective measures for optimal use of the country's communication capacities and added: these measures can help platforms move towards infrastructure independence while improving productivity.

Continuation of critical services and development of international transit capacity

In the continuation of this meeting, Behzad Akbari, explaining the actions of Infrastructure Communications Company to increase network resilience, announced the establishment of a crisis management network with the aim of continuing to provide vital services, including voice communications and bank transactions.

Referring to the role of native equipment and systems, continuous monitoring of the network and the efforts of specialist forces in maintaining the stability of communications, he announced: To reduce the financial pressure on operators affected by outages, the cost of outage days is not included in their bills.

Also, referring to the continuation of development projects, the CEO of the Infrastructure Communications Company mentioned the timely clearance of strategic equipment and the operation of transmission projects in the first half of the year as effective measures in managing network development costs.

Stating that the international traffic was rerouted within a few hours after some southern sea routes were cut off, Akbari announced that the company's regional transit capacity has crossed the 5 terabit limit and considered the development of this capacity as one of the ways to increase the company's foreign exchange income.

He listed diversifying services and revenue models, moving towards providing digital infrastructure and developing international transit as the company's strategies for providing sustainable resources and advancing development plans.

At the end of this assembly, after presenting the report of the auditor and the legal inspector and reviewing the financial performance of the company, the financial statements of the year 1404 of Infrastructure Communications Company were approved.