Zain to offload African portfolio?
Rumours abound this week that aspiring global carrier Zain could be looking to sell its entire African portfolio. This goes against pretty much every noise the firm has ever made about its strategic ambitions.
French conglomerate Vivendi has called off its talks with Kuwait-based Zain, over the acquisition of the operator’s African assets.
French conglomerate Vivendi has ended weeks of speculation with the confirmation that it is in talks to acquire a majority stake in Zain’s African operations.
Rumours abound this week that aspiring global carrier Zain could be looking to sell its entire African portfolio. This goes against pretty much every noise the firm has ever made about its strategic ambitions.
The Informer received an email this week from a man called Russell Grant who, for those of you not from these shores, is a has-been British TV psychic. A chubby, beaming, clammy kind of chap in ruffled paisley shirts, Grant was once a stalwart of the kind of daytime television that requires its viewers to be devout consumers of prescription drugs designed to desensitise the patient to the pain of modern life.
Pan-African operator Celtel International has extended the reach of the ‘borderless’ One Network, giving almost half of Africa’s population the ability to make calls at local rates across 12 countries throughout the continent. Celtel, a subsidiary of the Zain Group, has extended the borderless mobile network to Burkina Faso, Chad, Malawi, Niger, Nigeria and Sudan. [...]
The Nigerian Communications Commission (NCC) has awarded four 3G licenses. Celtel, Globacom, MTN and long distance operator Alheri Engineering have all been awarded a 10MHz lot of spectrum in the 2GHz band. The regulator expects to receive the licence fees, which were set at a reserve of $150m, within 14 business days.
Emerging-markets GSM operator Celtel has said it will no longer levy roaming charges on its subscribers in Kenya, Uganda and Tanzania, the member states of the East African Community. EAC subscribers will now be able to use their phones anywhere within the three states at their usual rates. Celtel is a leading user of SMS [...]