|
|
Articles tagged with: Vivendi and Zain
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: celtel, 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
Related Tags: celtel
Zain Denies $12 Billion Deal with France's Vivendi
Zain has denied media reports that it has inked a deal to sell its African assets to France's vivendi for US$12 billion - although it confirmed that talks are ongoing with various parties. The company is known to have recruited Swiss bank UBS to carry out a "strategic review" that could lead to a sale of its former Celtel division. more
Related Tags: partner
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
Related Tags: celtel
Vivendi Named as Possible Bidder for Zain's African Networks
.. more
Related Tags: celtel
Saudi Telecom Cuts 3,000 Jobs - Eyes Further Overseas Expansion
Saudi Telecom says that it is seeking to invest in telecoms operators in North Africa, and will cut about 14% of its workforce in its home market. The redundancies will affect around 3,000 staff. more
Related Tags: etisalat, maroc-telecom, maxis, turk-telekom, telekom, etihad-etisalat, vsat, Saudi Arabia