China Unicom and Telefónica deepen relationship
Spanish incumbent Telefónica has struck a deal with China Unicom that will see each company invest $1bn in the other. The arrangement will take Telefónica’s stake in Unicom to more than eight per cent, while the Chinese carrier will own roughly 0.9 per cent of Telefónica.
Vivendi named as Zain suitor in Nigerian press
Nigerian newspaper Business Day has named French telecoms carrier Vivendi as the firm looking to build a deal with pan-MEA mobile operator Zain, after reports emerged last week that the Kuwaiti firm was looking to offload its African operations.
MTN, Bharti resume merger talks
Merger talks between India’s largest carrier, Bharti Airtel, and pan-MEA operator MTN have been restarted a year after they were last abandoned. The news comes in the wake of the carriers each announcing that they have broken the 100 million subscriber barrier.
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