Zain, Kuwait, is in negotiation to buy a mobile network licence in Rwanda and may bid for a stake in a telecoms firm of Mali.
Zain also plans to make an offer for the stake in Mali’s Sotelma, which would be privatised before year end.
The bidding process will be starting on October 31.
Wireless Federation » archive for 'Sotelma'
Zain in talks to buy Rwanda’s mobile licence and stake in Sotelma (Kuwait)
- September 2nd, 2008
- 8:40 am
18 companies to bid for Sotelma (Mali)
- August 29th, 2008
- 10:48 am
18 companies have been finalised to bid for the national operator Sotelma. The government increased the price to XOF 200 billion for the incumbent operator, from XOF 80 billion.
Possible bidders include:
- MTN
- Vodafone
- Zain
- Deutsche Telekom
- Tunisie Telecom
- Maroc Telecom
- Portugal Telecom
- Saudi Telecom
- Sudatel
Sotelma plans to sell a 51% stake (Mali)
- August 1st, 2008
- 11:05 am
Sotelma, Mali’s telecom operator, plans to sell a 51% stake to a strategic investor.
Lassana Ndiaye, Sotelma’s CEO, announced that 10% and 19% stakes to be reserved for employees and institutional investors, including the public, respectively and the remaining 20% are to be retained by the state.
The privatisation process will take off in October, and the sale is expected to raise funds to help Malitel, the wireless subsidiary of Sotelma, to expand its network infrastructure. The government has planned to award a third mobile phone license after the privatisation of the state-owned fixed-line incumbent.
