Iraq's communications regulator will fine the local unit of Kuwait telecoms firm Zain $12,864 a day since September 2011 for failing to list on the country's stock exchange, a senior official at the body said.
Zain and rivals Asiacell and Korek are mandated to list on the local bourse as part of their $1.25 billion operating licenses but all three missed an initial deadline of last August.
The Communications and Media Commission (CMC) said last Tuesday it would fine Asiacell and Korek for failing to hold an initial public offering.
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