Telecom Aquisitions coming soon… May 20, 2008
Posted by mylastresort in analysis, rumors.Tags: Aquisition, Dubai, kuwait, Merger, NMTC, Q-Tel, qatar, Qatar telecom, Rumor, telecom, Wataniya, Zain
add a comment
Following Qtel’s aquisition of Wataniya Telecom aquisitions in emerging markets are extremely tough to predict in light of high valuations and tighter scopes for savings costs, although German telecom giant T-Mobile said it would not rule them out.
“Today, emerging markets seem to be hot, everybody wants to get into emerging markets… But ultimately you will have to pay a premium…nobody is going to hand over control of the business without an additional premium”
– Hamid Akhavan
Any indication of an M&A would surely send the stock markets surging skyward. The companies in the Gulf worth mentioning would be Zain & Q-Tel although both are massive and over priced, but are most advanced in terms of structure and expansion. A surprise aquisition of Zain or Wataniya would surely revolutionize the telecom industry in the middle east. A premium needed to be justified by cost savings, which were sometimes hard in emerging markets. Inorder to compete in the telecom industry companies are forced to comply with forceful takeovers and massive mergers to avoid losing their businesses.
Zain’s to aquire Syrian provider March 11, 2008
Posted by mylastresort in analysis.Tags: Aquisition, Merger, Mobile Telecommunications Co, Syria, Zain
add a comment
Kuwait’s Mobile Telecommunications Co (Zain) said it is interested in buying Syria’s largest mobile phone provider and does not expect any significant increase in net profit this year.
The New Wave of Arabs Investments in Africa March 10, 2008
Posted by mylastresort in analysis, bahrain, qatar, saudi arabia, sovereign funds.Tags: Africa, Attijariwafabank, Celtel, Congo Republic, Dubai Islamic Bank, Dubai World, Emirates Telecommunications Corp, Libyan African Portfolio (LAP), Mauritanie Airways, Middle East, Millennium Finance, Morocco, Netherlands, North Africa, Organisation of the Islamic Conference, Pan-African Investment Partners II, Prince Alwaleed bin Talal, Qatar Airlines, Qatar Steel, Royal Air Maroc, Senegal, Tunis Air, Warid Telecom, West Africa, Zain
add a comment
Senegal will host a meeting of the Organisation of the Islamic Conference (OIC) in Dakar on March 13-14, at a time when many Middle East and North African companies are making large investments in sub-Saharan Africa.
Below are a list of some recent Arab investments by sector. (more…)
Zain to enter Lebanon March 10, 2008
Posted by mylastresort in analysis.Tags: al-Rai, al-Watan, Alfa, Barrak al-Sabaih, kuwait, Lebanon, Mobile Telecommunications Company, MTC Touch, Newspaper, Saad al-Barrak, Zain
add a comment
Kuwait’s Mobile Telecommunications Company (Zain) wants to win a mobile phone licence in Lebanon and expects to be qualified to bid next month, its general manager was quoted as saying on Sunday.
The country is selling two-thirds of Alfa and MTC Touch to raise as much as $7 billion. The third-biggest Arab telecom firm by market value expects to be one of the firms qualified to bid for the firms, Zain general manager Barrak al-Sabaih said, according to al-Watan daily.
Zain was in talks to buy a stake in an Arab telecom firm for about $1 billion, al-Rai newspaper reported last week, citing Zain Chief Executive Saad al-Barrak.
Charts & Numbers 