The leading telecoms provider, Asiacell is currently experience a surge in demand thanks to a significant investment made in 2014 in conjunction with Swedish telecom giant Ericsson.
By working with Ericcson, the company has been able to deliver a much more higher-end broadband service that many come to expect when paying for Mobile Telecommunications.
The key to this upgrade was the installation of the Ericsson RBS 6000 radio base station, which enables an 80% lower energy consumption per subscriber and also requires 75% less space compared to previous base stations meaning Asiacell is able to save on fees associated with leasing the land.
Asiacell listed on the Iraqi Stock Exchange in 2013, listing as the largest IPO in the Middle East since 2008. Trading begun after the successful telecoms company raised some $1.3 Billion.
More than anything the listing ensured more eyes were drawn to the market and speculators are currently awaiting the listing of telecom rival Zain Iraq.
What makes the Zain Iraq IPO interesting is that they have been delaying their listing since August 2011 and in the process incurring fines. The three mobile networks were required to float onto the Iraqi Stock Exchange as part of their 15 year licenses that were awarded back in 2007.
As the region develops its infrastructure, Iraq is keen to ensure it is not left behind.