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Articles tagged with: Zain
France Telecom Would Consider Parts of Zain's African Assets
France Telecom says that it would consider bidding for some of the assets owned by Kuwait based zain should the company look at breaking up its African division. zain is currently understood to be looking for a single trade buyer for its ex-Celtel networks across Africa. more
Related Tags: france-telecom, kuwait-investment-authority
Zain Shareholder Interested in Selling Stake
zain's largest single shareholder, the Kuwait Investment Authority (KIA) has said that it would consider selling its stake in the company if the right offer came along. zain is itself trying to sell its African assets, and although later denied, it was rumoured that UAE based Etisalat was interested in buying the whole company. more
Related Tags: kuwait-investment-authority, Kuwait
Improving Mobile Phone Coverage Across Lake Victoria
Mobile phone coverage across Africa's Lake Victoria is to be expanded in a joint venture between zain, and Ericsson, in an initiative coordinated by the GSM Association. The coverage will comprise the area of the lake where 80 percent of fishing activities take place, allowing communication and SMS exchange to and from phones. This enhancement will fuel economic and social development of the lakeside communities and potentially reduce the number of fishing-related deaths each year. more
Related Tags: lake-victoria, ericsson, gsm-association, security, life, Uganda
Zain's First Half Revenues Jump 24% to $4 Billion
zain has reported that its first half revenues were up by 24% on the previous year to reach US$4 billion - while net income was up 4.4% to US$533.5 million. The subscriber base rose by 37% to 69.5 million. The company's consolidated EBITDA increased by 46.3% for the same period to reach US$1.77 billion. more
Related Tags: zain-group, base
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: vivendi, celtel, debt-ratings, France
Tango Telecom Wins Messaging Contract in Ghana and Madagascar
Tango Telecom says that it has won a messaging contract from zain for its networks in Ghana and Madagascar. iAX SMS, Tango Telecom's messaging platform, enables prepaid and postpaid charging, storage and delivery of A2P, P2P and P2A messages and enables advanced revenue generating messaging services from a single platform. more
Related Tags: tango-telecom, Ghana
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
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: vivendi, 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
Iran Cancels 3rd Mobile License - to Hold New Tender
The Iranian government has reportedly stripped zain of its mobile license in the country, although there seems to be some confusion about whether the company ever had the license in the first place. The local Poul newspaper quoted Iranian Telecommunication Minister Mohammad Soleimani as saying that another tender would be held to find a new partner for the development of the much-delayed project. The report gave no further details. more
Related Tags: etisalat, 3g-license, irancell, gsm-license, partner, pension, security, Iran