Rightel CEO: Change of Shareholder Is Not the End of Rightel

Claims of Data Volume Drain Are Untrue

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Mehdi Faqihi, the CEO of Rightel, welcomed the transfer of shares of this operator and considered the arrival of the new shareholder as an opportunity to speed up the development and evolution of the company. He said that Raitel needs a qualified shareholder and a plan, and the process of transferring shares has gone through the legal and pricing procedures in the Shasta Group and the Social Security Organization.

According to Ambassador Arjan, in a press conference, Faqihi explained the development plans of Rightel and considered the change of shareholders as an opportunity to review the activity of this operator. He emphasized that in order to overcome the challenges of the past, Raitel needs to change its approach in the communication market and does not want to be just a smaller version of Haram Awl and Irancell.

The CEO of Rightel said the three main axes of the company's plans are to improve customer experience and network quality, change the field of competition and modify the operator's economic model.

Faqihi said, referring to the transfer of Rytel shares: "We take the transfer of Rytel shares as a good omen, because the change of shareholder is not the end of Rytel. "If a qualified shareholder with a plan is added to the group, it can increase the speed of growth and development of Rightel."

He also explained about the pricing process of this operator's shares that the valuation was done first in Shasta Group and after reviewing and applying the necessary changes in the board of directors of this company, it was finalized in the board of social security and then the board of trustees of this organization.

"First, the company was valued at the Shasta Group, then the matter went to the Shasta Board of Directors, and then the valuation was changed to the Social Security Board of Directors and then to the Social Security Board of Trustees," said CEO Wrightl.

Referring to the possibility of a new buyer, Faqihi added: "If it is bought that Rytel is included in its value chain, it will buy the shares."

Also, in response to Ambassador Arjan's question about the possibility of Rightel being bought by another operator, he said: "The handover is under the supervision of the regulator. "In the current situation, the regulator does not allow the license of one operator to be bought by another operator."

The CEO of Rightel considered changing the field of competition as one of the main axes of this operator's development plan. According to him, Rightel's lower share of the communication market compared to the country's two largest operators shows the necessity of revising the company's business model.

Faqihi said: "We don't want to be a smaller and miniature version of First and Irancell. We consider the field of business, government and industry as a serious field. "Our approach is the industry operator."

He announced the development of services to businesses, industries and smart government as one of Raitel's priorities and said: "We plan to have half of our income from smart government services and industry services by 1410."

Faqihi emphasized that in order to grow in the communication market, Rightel should change its playing field and instead of directly competing with big operators in all sectors, it should focus on areas that can create more added value.

The CEO of Raitel stated that another axis of the company's development plan is the optimization of telecommunication infrastructure and sharing of resources with the country's two largest operators. He considered recurring investment in telecommunications infrastructure to be inappropriate from an economic point of view.

"Recurring investment in telecommunications infrastructure is not appropriate," Faqihi said. Optimizing the infrastructure and sharing resources with two big operators is one of our axes.

In this regard, the CEO of Raitel announced the launch of MOCN programs in less than a month. This technology enables the sharing of a part of the radio network infrastructure among operators and can reduce network development costs.

"MOCN will be launched in less than a month and Rightel subscribers will be able to benefit from 5G after that," Faqihi said.

He also explained about the eSIM launch program in Rytel: "We implemented the eSIM project as a pilot and tested it. We are now waiting for safety approval."

In another part of the press conference, the CEO of Raitel addressed the issue of volume consumption and uncertainties related to the calculation of subscribers' internet consumption. He considered volume consumption to be a big violation and an example of violation of subscribers' rights and emphasized the company's readiness for clarification in this regard.

Faqihi said: "We definitely believe that eating large amounts of food is a big violation and it is considered rightful." We are ready to explain the consumption mechanism publicly because we have not had any volume eaters.

I studied economics at Allameh University and have been a journalist for several years now. Working in the media field in Iran and probably in many countries is not an easy task, but the love and interest in news with all its problems is what has made me and many of my colleagues stuck. Since the beginning of 1403, I have been following and writing Iranian technology news at Safir Arjan.