ZICTA: Too many foreign telecom firms in Zambia

There are many foreign telecom firms in Zambia

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China Unicom reverses position on purchase of NITEL stake

China Unicom reverses position on purchase of NITEL stake

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Ghana embarks on ambitious ICT project

Ghana embarks on ambitious ICT project

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Chevron Nigeria Limited says it is investing $3billion or N444 billion in Nigeria

Chevron invests N444b in Nigeria

Maroc Telecom posts $1.14 billion in net profit

Maroc Telecom, a unit of French media giant Vivendi SA, late Monday said its 2009 net profit fell 1%, reflecting financial costs,but forecast moderate revenue growth in 2010.

Net profit fell to 9.43 billion Moroccan Dirhams ($1.14 billion) as the company recorded MAD147 million in financial expenses. In 2008 it had booked MAD394 million of financial income.

Maroc Telecom is a 53% subsidiary of Vivendi, with operations covering mobile, fixed-line and Internet access services.

Maroc Telecom - Vivendi

Mark Allegretti - Role of Private Equity

Compared to other emerging markets, Africa is less penetrated by private equity and other forms of private investment and the factors above continue to ...
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The New Generations Telecoms buys NITEL for $2.5b

AFTER a rigorous bid which saw five consortia, jostling for the soul of Nigeria’s first National Telecommunications carrier, NITEL, the New Generations Telecommunications Consortium, yesterday, emerged winners of the new NITEL with a bid of $2.5 billion.

New Generations Telecommunications Consortium is the former Telefonica. The consortium included China Unicom (Hong Kong) Limited, Minerva Group of Dubai and local company GiCell Wireless Limited. Announcing the result of the bid, BPE’s Head, Public Communications, Mr. Chigbo Anichebe, revealed that Brymedia Consortium bided $551million for the whole of NITEL, while MTN Nigeria offered $25million for SAT-3 only.

European bank bids for three bailed-out banks

European bank bids for three bailed-out banks