Pakistan plans to auction licenses by March to run third- and fourth-generation mobile-phone networks, with both existing and new operators eligible to bid, the country’s telecommucations regulator chief said.
Emirates Telecommunications Corp., the United Arab Emirates’ most valuable company, agreed to acquire Vivendi SA’s controlling stake in Maroc Telecom SA for about 4.2 billion euros ($5.7 billion) in the Middle East’s largest takeover of a phone carrier.
Billionaire Petr Kellner’s PPF Group NV agreed to buy a controlling stake in Telefonica Czech Republic AS for about $3.4 billion, returning the country’s biggest phone company to local ownership after eight years.
Telecom Egypt, the country’s landline monopoly, said it may buy a controlling stake in Vodafone Group Plc.’s local mobile-phone unit when 4G spectrum is offered, to avoid a possible conflict of interests.
Emirates Telecommunications Corp.’s Nigerian unit said Chief Executive Officer Steven Evans resigned last month and returned home to the U.K. after leading the company for most of its five years in existence.
Securities Group Co., a Kuwait-based investment management firm, said it will not seek to block a bid by Emirates Telecommunications Corp. to buy 46 percent of Mobile Telecommunications Co., Chairman Ali al-Mousa said today to Al Arabiya television.