Saturday 12 July 2014
 
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MTN

Sudan shelves telecom profit tax for 3 years

Sudan has scrapped a 30 per cent profit tax on telecom operators until 2015-end, replacing it with a 2.5 per cent levy on total income, the state news agency said, in a move that should help a sector hurt by the plunging value of the Sudanese po

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Orascom sale talks continue, says report

Egypt's Orascom Telecom is still in talks with international telecoms firms to sell some of its African assets, after negotiations with South Africa's MTN  failed last week, a newspaper reported. "Orascom Telecom Holding continues to

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MTN and Orascom deal talks collapse

South Africa's MTN Group ended talks with Egypt's Orascom Telecom about a potential acquisition, sinking a deal that could have created the world's third-largest mobile operator. Africa's top mobile phone operator began tal

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MTN offers $7.8bn for Orascom's Algeria unit

South Africa's MTN has offered to pay $7.8 billion for Orascom Telecom's lucrative Algerian unit Djezzy, Orascom's chairman said, putting a price to a deal blocked by Algeria. The Egyptian mobile firm said last week it would en

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Orascom wants clarity on MTN talks 'within days'

Egyptian telecommunications firm Orascom Telecom (OT) expects to know the outcome of talks to sell some of its African assets to South Africa's MTN within days, it said on Sunday. 'The ongoing negotiations around the acquisition by

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Algeria to stall Orascom unit sale to MTN

Algeria's government said it would not allow Egyptian group Orascom Telecom to sell its Algerian mobile phone unit Djezzy to South Africa's MTN. MTN shares in Johannesburg were up 6.1 per cent at 107.92 rand on the news, with traders respo

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Trading in Dubai Holding unit halted until '09 results

Dubai Holding Commercial Operations MTN, the listed sukuk vehicle of the conglomerate owned by Dubai's ruler, on Sunday requested its listing to be suspended until the release of the company's annual report and results. Earlier in

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Bharti, Zain 'may clinch deal next week'

Bharti Airtel's board will on Saturday discuss its $9 billion bid for Kuwaiti telecom group Zain's African units, a source said, and the two sides may clinch a deal next week. The exclusive talks between billionaire Sunil Mittal

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Bharti, MTN seek $60bn merger

India's Bharti Airtel and South Africa's MTN have revived merger talks to create a $61 billion telecoms giant spanning Africa, Asia and the Middle East a year after their previous attempt foundered on who would control the combined entity.

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Batelco reaches roaming milestone

Batelco, Bahrain's leading telecommunications company reached a milestone by signing its 400th roaming agreement with an international telecoms provider. On October 22, Batelco launched GPRS roaming on a bilateral basis with, DiGi, the sec

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