Articles tagged with: Celtel and Vivendi

Vivendi Suspends Talks with Zain Over African Investment

France's Vivendi announced today that it is interrupting talks, started some weeks ago, with Zain Group, to acquire a majority stake in its African telecommunications activities.  more

Related Tags: zain, debt-ratings, France

Vivendi Confirms - Is in Talks to Buy Zain's African Assets

In a partial contradiction from yesterday's denials by Zain's CEO, Saad al-Barrak, France's Vivendi has formally confirmed that it is in talks with the company over an acquisition. In the statement, the firm said that an acquisition would enable Vivendi to capitalize on its successful experience of developing mobile telephony in Africa.  more

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Zain Sale Rumours Boosted by UBS Appointment

In a short statement to the Kuwait Stock Exchange, Zain has confirmed that it has appointed UBS, and other consultants, to conduct a strategy review of its operations. The company did not comment on the ongoing rumours that it is looking to sell its Pan-African assets.  more

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Vivendi Named as Possible Bidder for Zain's African Networks

Following reports last week that Middle-East operator, Zain was unexpectedly looking at selling its African operations to an unnamed French company, Vivendi has emerged as the suspected bidder. The Nigerian newspaper, Business Day said that Vivendi is the bidder, without citing sources.  more

Related Tags: zain