MTN denies illegal transfer of $14bn from NigeriaSouth African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit. Lawmakers in the upper house of Nigeria's parliament agreed More… |
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Sudan shelves telecom profit tax for 3 yearsSudan 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 More… |
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Orascom sale talks continue, says reportEgypt'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 More… |
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MTN and Orascom deal talks collapseSouth 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 More… |
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MTN offers $7.8bn for Orascom's Algeria unitSouth 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 More… |
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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 More… |
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Algeria to stall Orascom unit sale to MTNAlgeria'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 More… |
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Trading in Dubai Holding unit halted until '09 resultsDubai 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 More… |
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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 More… |
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Bharti, MTN seek $60bn mergerIndia'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. More… |
