Articles tagged with: Ipo and Tax

Telecoms dealmaking on hold in 4Q '08

According to a new study from Ovum, global economic downturn depressed valuations and dealmaking in the telecom sector in 4Q 2008. Based on Ovum's report, M&A deal count was 129 in 4Q08, from 192 in 4Q07, with only four deals valued above US$1 billion, from 10 in 4Q07.  more

Related Tags: ovum, citigroup, zain, verizon, alltel, capex, telenor, lte, sms, oracle, sun, zain-saudi-arabia, turk-telecom

Safaricom IPO Confirmed for Next Week

The floatation of Kenya's Safaricom has resumed following the calming down of the political turmoil over the past few months. The floatation of a 25% stake held by the government will now occur on March 28th, with share trading starting on the Nairobi stock exchange in June.  more

Related Tags: safaricom, vodafone-kenya, mobitelea, celtel, serious-fraud-office, Kenya

Telekom Malaysia Q1 2007 Results

We have commented before on the effectiveness of Telekom Malaysia's strategy of expansion into its immediate geographic region and the portfolio of businesses it has built up now contributes more than one quarter of total revenues. However, one of the problems of international diversification is that it brings a currency risk with it. This quarter, the results reflect the combination of a rising Ringgit and increased competition and as a consequence, revenues from the international side of the business are down slightly at RM1,138m. This is a drop of less than 2% on Q4's RM1,158m, so it is hardly catastrophic, especially when it is remembered that it is more than 20% up on the same quarter of 2006. more

Related Tags: m1, telekom-malaysia, celcom, excelcomindo, spice