Further Usurpation of the Iranian Economy

I reported earlier this month that a Revolutionary Guard front-company's aquisiton of a controlling stake in the Telecommunication Company of Iran had been postponed. Today, that sale finally took place, with Etemaad-eh Mobeen (a consortium of two IRGC companies) acquiring a 92% 51% stake in the Iranian Telecom.

The most competitive private bidder, Pishghaman-eh Kavir-eh Yazd, was excluded from bidding at the last minute. The company is apparently considering legal action to investigate the sale.