www.WirelessFederation.com/news: The talks between Orascom Telecom and MTN regarding the sale of some or all of Orascom assets have been ended after the talks failed to yield the desired results. According to the Orascom, it informed the MTN Group on June 9 of its decision to terminate discussions.
The talk between the two African mobile operators began in late April but it was opposed by Algeria’s government, which wanted to buy Orascom’s unit in that country for itself.
For the fourth time in three years, MTN has come up short in attempting to expand beyond its key markets of South Africa, Nigeria and Iran. MTN has also informed its shareholders about the termination of the talk.
