Bharti draws funds to acquire Zain African assets

Editor Mobile

www.WirelessFederation.com/news: Bharti Airtel, India’s largest telco by both customers and revenues has started drawing down funds from lenders for completing its buy of Kuwaiti telecom Zain’s African assets in a $9-billion deal. The deal to acquire Zain Telecom’s African business is expected to be completed by the Indian telecom operator soon. Bharti Airtel signed a deal with Kuwait-based Zain Telecom …

EditorBharti draws funds to acquire Zain African assets

Bharti to close Zain Africa deal soon

Editor Mobile

www.WirelessFederation.com/news: Bharti- Zain deal is expected to be closed soon by both Bharti Airtel and Zain Africa to acquire latter’s African business. Meanwhile, Bharti Airtel is in the process for getting approvals for its acquisition. Bharti Airtel signed a deal with Kuwait-based Zain Telecom in March to buy its African business for $10.7 billion, consummation of which will transform Bharti …

EditorBharti to close Zain Africa deal soon

PortingXS to provide MNP in Kenya

Editor Mobile

www.WirelessFederation.com/news: Dutch company PortingXS has been selected by the Communications Commission of Kenya (CCK) to provide number portability to the Kenya. Mobile phone number could be kept by the mobile users in the East African country when changing providers. Earlier, subscribers in Morocco, Egypt and South Africa could change providers in Africa without losing your mobile phone number. Tender for …

EditorPortingXS to provide MNP in Kenya

Morocco to reduce termination tariffs by 65%

Editor Mobile

www.WirelessFederation.com/news: 65 percent reduction target for voice termination interconnection tariffs has been set by Moroccan telecommunications regulator ANRT for fixed and mobile calls between 2010-2013 for Maroc Telecom (IAM) and Medi Telecom. The percentage has been 70 for Wana Corporate. 2013 has been set for the end of asymmetric interconnection tariffs.  The average target reduction for fixed termination by that …

EditorMorocco to reduce termination tariffs by 65%

Maroc Telecom revenues rises 4.3% (Morocco)

Editor Mobile

www.WirelessFederation.com/news: Consolidated revenues of MAD7.437 billion (USD858 million) has been reported by Moroccan telecoms group Maroc Telecom in the first quarter of 2010, reflecting an increase of 4.3% compared to the same period in 2009. The total customer base of the group stood at 22.4 million, up by 14% year-on-year, across divisions in Morocco, Mauritania (Mauritel), Burkina Faso (Onatel), Gabon …

EditorMaroc Telecom revenues rises 4.3% (Morocco)

Indian telco Bharti Airtel’s latest ventures improves its world ranking

Editor Mobile

www.WirelessFederation.com/news: In the latest global rankings, Bharti Airtel which was ranked eighth in last year’s ranking will overtake Norway’s Telenor Group, Deutsche Telekom and China Unicom to become the world’s fifth largest mobile operator group with just under 170 million global connections. The rankings are based on fourth-quarter 2009 connections data and are calculated on a performance basis to demonstrate …

EditorIndian telco Bharti Airtel’s latest ventures improves its world ranking

Maroc Telecom launches mobile service Mobi Cash (Morocco)

Editor Mobile

www.WirelessFederation.com/news: Launch of mobile service Mobi Cash has been announced by the major wireless and fixed line telecom operator in Morocco, Maroc Telecom, in partnership with Comviva which provides mobile solutions beyond VAS. Comviva’s mobiquit mCommerce solution will be used by the Moroccan operator enabling mobile operators and financial institutions to offer secured and cost-effective mobile banking, mobile wallet and …

EditorMaroc Telecom launches mobile service Mobi Cash (Morocco)

Bharti & Zain sign definitive agreement for Zain’s African assets

Editor Mobile

www.WirelessFederation.com/news: Zain and Bharti Airtel have announced the signing of the definitive agreements for the sale of 100% of Zain Africa for an enterprise value of US$10.7 billion. Zain’s African business in Morocco and Sudan is not included in the deal. US$9 billion has been identified as the equity value of the transaction to be fully satisfied in cash. Out …

EditorBharti & Zain sign definitive agreement for Zain’s African assets

Bharti Airtel & Zain to sign Africa deal on Tuesday

Editor Mobile

www.WirelessFederation.com/news: The much talked about $10.7 bn deal between Kuwait’s Zain telecom and India’s top mobile firm Bharti Airtel, which has been making the rounds of the telecom world is expected to be signed on Tuesday at the headquarters of Zain Africa. African market was penetrated by Zain in 2005 by the acquisition of the operations of the Dutch Celtel …

EditorBharti Airtel & Zain to sign Africa deal on Tuesday

Maroc Telecom’s revenue rises 2.8%, net income falls 1% (Morocco)

Editor Mobile

www.WirelessFederation.com/news: 1% year-on-year fall in 2009 net income has been posted by Moroccan full-service telco Maroc Telecom MAD9.43 billion (USD1.15 billion) on consolidated revenues that climbed by 2.8% to MAD30.34 billion. Group EBITDA for the year rose by 2.9% to MAD18.15 billion. Net revenues of MAD25.76 billion in 2009 have been generated from the operations in Morocco 0.1% versus 2008. …

EditorMaroc Telecom’s revenue rises 2.8%, net income falls 1% (Morocco)