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Articles tagged with: Oger Telecom
Turkish mobile network operator, Avea has named Erkan Akdemir as its new CEO, replacing Cüneyt Türktan who had held the post since 2006. Türktan is to take up the role of strategic advisor to the chairman of Oger Telecom for new-generation wireless investments with effect from the end of this month. more
Related Tags: avea, turk-telekom, telekom, erkan-akdemir, Turkey
New Suitor Emerges for South Africa's Vodacom
Nigeria's Globacom has emerged as a surprise possible bidder for the 50% stake in South Africa based Vodacom owned by the dominant landline telco, Telkom. Vodafone, which is the other partner in the company has long coveted taking a majority control of Vodacom and has been in talks with Telkom and other investors to boost its holding. A person familiar with the matter said that Vodafone is interested in an additional 12.5% stake in Vodacom, which would give it control with a total 62.5% interest. more
Related Tags: vodafone, vodacom, landline, telkom, backhaul, submarine, South Africa
Telkom Says Talks Still Ongoing on Vodacom Sale to Vodafone
South Africa's landline operator, Telkom has issued a statement confirming that talks are still ongoing regarding a possible sale to Mvelaphanda Holdings and the disposal of its stake in mobile operator, Vodacom. The consortium is lead by the Mvelaphanda Group, US based private equity firm, Och-Ziff and other strategic investors. The Mvelaphanda Group is headed by former presidential hopeful Tokyo Sexwale. more
Related Tags: mtn, vodacom, reliance, landline, telkom, South Africa
UPDATE: Telkom Gets Takeover Approach, Offer for Vodacom
JOHANNESBURG -(Dow Jones)- Telkom SA has received a preliminary offer for its stake in South Africa's largest mobile phone company as well as a takeover approach from a consortium led by freedom fighter-turned-business tycoon Tokyo Sexwale. more
Related Tags: mtn, reliance-communications, vodacom, reliance, bharti, london, telkom, bharti-airtel, vodafone-group, South Africa
Telkom South Africa Received Non-Binding Offer From Oger
JOHANNESBURG -(Dow Jones)- Telkom SA, Africa's largest fixed-line phone operator, Tuesday clarified that it had received a non-binding offer from Dubai-based Oger Telecom but that it continued to review its mobile strategy. more
Related Tags: mtn, vodacom, cell-c, telkom, vodafone-group, South Africa
UPDATE: Telkom Considering Options for its Mobile Strategy
(Adds details, background.) more
Related Tags: mtn, vodacom, telkom, South Africa
Telecom Italia Mobile 3G Subscribers Pass 5 Million
Telecom Italia (TI) has released preliminary figures for the first half of 2007 and the operational numbers are typically light on much useful detail. However, they show that domestic mobile unit TIM had a 3G customer base of over 5.1m at the end of June, overall customer numbers rising to 34.3m from 33.6m at the end of March. Mobile service revenues increased by 6.5% year on year between Q2 2006 and Q2 2007, the biggest increase recorded in some while, although this statistic excludes "discontinuities" which have impacted the way revenues are accounted for in the last year. The elements accounted for as discontinuities by TI include a change in the way roaming traffic is accounted for (following EU guidelines), a termination rate cut for fixed-to-mobile calls and the so called "Bersani Decree" - a recent piece of government legislation affecting all Italian companies. However unfortunate it may be, domestic and European regulation and legislation is a fact of life for all Europe's telcos. Of course we understand why TI shows us figures excluding "discontinuities" - to demonstrate that the underlying business is performing well - but take out termination and roaming rate cuts and the like and many peers would also have a very much better story to tell. As it was, on an actual basis, stated mobile service revenues at TI fell by 1.3% or €30m year on year from €2.351bn in Q2 2006 to €2.321bn in Q2 2007. more
Related Tags: avea, telecom-italia, vas, tim, eu, entel, tim-brasil, brasil-telecom, vivo, turk-telecom
Telecom Italia Sells Oger Telecom Stake
Telecom Italia has announced that it has sold its 10.36% stake in Oger Telecom to the parent company, Saudi Oger for a total price of US$477 million. The agreement also includes the removal of a Telecom Italia commitment for US$150 million. The operation, which should be completed by the end of July, will result in a reduction of approximately 470 million euro in the net financial position of Telecom Italia Group and will have a positive impact of 90 million euro on the profit and loss. more
Related Tags: avea, telecom-italia
MTC Consortium Conforms Saudi License Win
The MTC-led consortium has confirmed that it has been successful in making the highest bid for the third mobile telecommunications licence in the Kingdom of Saudi Arabia having bid SAR22.91 billion (US$6.109 billion). The award of the licence is subject to approval from the Saudi Arabia's Council of Ministers. more
Related Tags: mtn, orascom-telecom, reliance, bharti, digi
Hunted and Hunter Swap Roles As Telecom M&A Heats Up
LONDON (Dow Jones) -- The hunted are fast becoming the hunters in the consolidation race playing out now among telecom operators in emerging markets. more
Related Tags: reliance-communications, essar-group, kpn, mtn, tim, orascom-telecom, reliance, hutchison-telecom, bric, bouygues-telecom, essar, chief-financial-officer, hutchison-essar