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., 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.
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.
Emirates Telecommunications Corp., the Abu Dhabi-based phone operator, agreed to extend talks with Vivendi SA on a planned purchase of the French company’s stake in Maroc Telecom SA for 4.2 billion euros ($5.7 billion).
Vivendi SA, the French conglomerate selling assets to cut debt and refocus on media businesses, will reimburse as much as $2.7 billion of U.S. dollar-denominated debt using part of the proceeds from its sale of Activision Blizzard Inc.
As clashes between Egyptian soldiers and protesters left dozens dead in October 2011, Ahmed Zahran was betting his savings on converting the water pumps used by farmers from running on diesel to solar energy.