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The Court of Accounts of the country: Infrastructure Communication Company was not profitable in 1402

By evaluating the performance of Infrastructure Communications Company, the Court of Accounts announced a 48% increase in the cost of services and operating income of this company in 1402 and declared: “This company has not been profitable in recent years.”

This time, this regulatory body examined the performance of Infrastructure Communications Company in a series of financial transparency and discipline meetings and declared in its report:

The Infrastructure Communications Company received about 9,300 billion Tomans of credit in 1402 and defined three plans for the acquisition of capital assets with an allocation of 2,086 billion Tomans, which are currently being implemented. Also, this company has not been profitable in recent years, and the cost of services and operating income has increased by 48% in 1402 compared to 1401.

Report of the Court of Accounts

According to the findings of the National Accounts Court, Infrastructure Communications Company is facing these financial challenges:

  • Failure to revaluation of assets
  • The existence of current debts amounting to 7,813 billion tomans related to commercial payments
  • Claims from foreign companies
  • Uncollected income of Sigma Telecom Company in the amount of 17 million dollars

On the other hand, the progress and development of the optical fiber network at around 40% and the non-fulfillment of the development goals of the national information network with the progress of only 65% ​​are other challenges that the State Accounts Court pointed out in its assessment.

In addition to this, this regulatory body also found that “20% of the shares of Iraniannet companies and the Research and Innovative Technologies Fund are owned by the government”, “the influence of the government on the decisions of the Infrastructure Communications Company”, as well as “the insufficient number of board members” and “the departure of expert human resources”. Among the other challenges of the communication company is the infrastructure.

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