Progress on the region’s big M&A deals – the prospective sale of Zain Africa or a stake in Zain; and the cash and share-swap deal between Bharti and MTN – appears to have stalled. There has been such confusion in the past few days over the possible sale of a large stake in Zain to an Indo-Malaysian consortium that it is at risk of descending into a debacle.
Nigeria’s government has set a 60-day deadline for the privatisation of the state-owned incumbent telco Nitel, including mobile operation M-Tel. The announcement came on Monday as the Nigerian vice-president, Dr. Goodluck Jonathan, appointed a new board to the company to oversee its stabilisation.
The ongoing potential for rapid mobile subscription growth means that emerging markets are set to take over as the main driver of M & A activity, according to research released Thursday. Findings from the Global Mobile M&A report, released by industry analyst and telecoms.com parent Informa Telecoms & Media, reveal that although M&A activity appeared [...]