FT – Orange battles for control of Iraqi telecoms group

File photo (Ennolenze/CC BY-SA 4.0)

Orange, the French telecoms company, and Kuwaiti investor Agility Public Warehousing are embroiled in a legal battle with Sirwan Barzani over control of Korek, Iraq’s third-largest telecoms company. A lawsuit, filed by Orange and Agility, alleges self-dealing by Barzani and other local investors, diverting funds to influence regulators.