Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
Wind Mobile, one of Canada’s newer mobile-phone carriers, is assessing whether to bid for assets of smaller rival Mobilicity to beef up against established operators BCE Inc., Telus Corp. and Rogers Communications Inc.
From his 33rd-floor penthouse apartment with sweeping views of the Nile River, Naguib Sawiris, Egypt’s best-known billionaire and most prominent Christian, can hear the chants of Friday prayers in the distance. As he sits down to a breakfast of taameya and ful, dishes made from fava beans, demonstrators are gathering in Cairo’s Tahrir Square for a planned protest, this time aimed at stopping military trials of thousands of civilians arrested during the revolution that brought down the regime of President Hosni Mubarak.
Xavier Niel, the founder of French mobile and broadband provider Iliad SA, has made a second career backing startups with uncertain prospects. Now he’s ready to apply those skills to Europe’s beleaguered phone companies.
John Malone and Carlos Slim’s plans to expand their empires on the cheap in Europe’s beleaguered telecommunications market have been thwarted so far as companies in the region begin commanding higher prices.
Canada cited security concerns in rejecting Manitoba Telecom Services Inc.’s C$520 million ($504 million) sale of its Allstream unit to an investment firm co- founded by Egyptian billionaire Naguib Sawiris.
Canada rejected Manitoba Telecom Services Inc.’s C$520 million ($504 million) sale of its Allstream division to Accelero Capital Holdings Sarl Group, the investment firm co-founded by Egyptian billionaire Naguib Sawiris, citing national security concerns.