December 08. 2009 - Parmand Telecom - The largest stakeholder in Iran based Telecommunication Infrastructure Company, Iranmobin entered into a 50/50 equity joint venture with Russian C-Ring Telecom. C -Ring Telecom is a subsidiary of Russian long-distance operator Synterra while TIC is a unit of fixed line monopoly Telecommunication Company of Iran.

In order to rollout a new fibre-optic ring around the Caspian Sea to handle Europe-Asia voice, Azerbaijan’s AzTelekom forged an agreement with the new venture. The agreement also aims at improving internet service delivery in the Caspian sea region.

The agreement was signed at trade and economic cooperation summit held in Tehran by Russian and Iranian state and company officials. TIC also signed an agreement with Rostelecom, another Russian carrier, to share international transmission links.