MTNL, BSNL refuse to form consortium to buy Zain stake (India)
www.WirelessFederation.com/news: MTNL and BSNL have refused forming a consortium to buy a 46% stake in Zain.It was earlier reported that India’s Vavasi Group, and Indian state-owned operators BSNL and MTNL as well as Malaysian businessman Mokhtar al-Bukhari would pay KWD 2 a share for a 46% stake in African and Middle East mobile operator Zain Group.According to the statement issued by MTNL and BSNL, they are not participating in a consortium but that they are always on the look out to explore all types of overseas business opportunities to expand operations.
Svyazinvest gets approval for stake sale (Russia)
www.WirelessFederation.com/news: According to a media report, Russia’s economy ministry has approved the government purchase of Sistema’s holdings in fixed line group Svyazinvest and mobile operator SkyLink. The state will take on Sistema’s RUB26 billion (USD827.7 million) debt to Siberbank in order to acquire the conglomerate’s 25% plus one share stake in Svyazinvest and its 50% stake in SkyLink. The deal will also see Sistema’s fixed line subsidiary, Comstar UTS, take on a 23% stake in Moscow City Telephone Network (MGTS), owner of the capital’s fixed line network, bringing its total stake in the operator to 94.9%.
Celtel to rebrand Nigeria’s Vmobile
Nigerian mobile operator Vmobile’s new 65 percent stakeholder, Celtel, is preparing to rebrand the company, reports This Day, citing Martens Pieters, group managing director of Netherlands-based Celtel. Pieters explained that the company is making a strong financial commitment to Nigeria with the backing of its shareholder, Kuwait’s MTC.
Source- http://www.telecompaper.com
Technorati : Celtel, Kuwait, MTC, Netherland, Nigeria
Ice Rocket : Celtel, Kuwait, MTC, Netherland, Nigeria
