Orange confirms EUR 640 mln 40% acquisition of Meditel

Orange confirms EUR 640 mln 40% acquisition of Meditel
(Telecompaper) France Telecom-Orange, FinanceCom and Caisse de Depot et de Gestion (CDG) subsidiary Fipart-Holding have signed an MoU with a view to France Telecom acquiring 40 percent of Moroccan operator Medi Telecom (Meditel) for EUR 640 million. France Telecom expects the operation to be accretive in terms of cashflow and profit per share from 2011. The group will consolidate its Meditel stake into its accounts from 2015. Meditel is the second biggest global telecoms operator in Morocco, holding licences for fixed and 3G mobile telephony. With over 10 million mobile subscribers and a market share of 37 percent, Meditel recorded sales of over MAD 5.3 billion (EUR 465 mln) in 2009, with a 40 percent EBITDA margin and an around MAD 1.4 billion (EUR 131 mln) operating cash-flow. France Telecom said it intends to leverage its marketing, commercial and technical knowledge to contribute to Meditel’s growth in value-added sectors such as mobile voice and data communications, content and B2B. Othman Benjelloun and Anass Houir Alami, respectively president of FinanceCom and CEO of CDG, see this partnership as a strategic alliance that will strengthen Meditel’s position in Morocco and give it with a platform to reach across the Maghreb and other parts of Africa. The three partners have also agreed to float Meditel on the Casablanca stock exchange in the short to medium term.The stake purchase is due to close at the end of the year subject to approval by Moroccan telecommunications regulator ANRT.[Lees verder]

MetroPCS launches LTE service, 1st LTE phone from Samsung
(Telecompaper) MetroPCS has launched the first LTE network in the US, in Las Vegas, as well as the world’s first LTE mobile phone, the Samsung Craft. The mobile operator is offering the dual-mode LTE/CDMA phone for USD 299 with service plans including unlimited calls, texts and web access at USD 55 or 60 per month. The USD 60 plan also includes access to the new MetroStudio, run by RealNetworks and offering a range of music and ringtone downloads and access to on-demand video from the likes of NBC Universal, BET and Univision. The phone features a 3.3-inch Amoled touch screen, slide-out qwerty keyboard, 3.2 megapixel camera and Wi-Fi and comes with a 2GB microSD card loaded with the film Star Trek. The LTE network was also built with Samsung equipment and covers most of MetroPCS’ footprint in Las Vegas. The operator plans to expand LTE coverage to other markets later this year and in 2011.[Lees verder]

Orange to buy 40% of Meditel for EUR 640 mln – report
(Telecompaper) France Telecom is buying 40 percent of Morocco’s Medi Telecom for EUR 640 million, two people familiar with the situation told Bloomberg. The deal is likely to be announced on 21 September, the news agency’s sources said. France Telecom confirmed in August that it was in talks with Meditel’s owners, Groupe CDG and FinanceCom, that might lead to an “industrial partnership.” Tom Wright, a spokesman for France Telecom in Paris, declined to comment, as did spokespeople for Meditel. The Moroccan company will hold a press conference at 15:00 hours in Rabat, according to Hassan Bouchachia, a Meditel spokesman. Through its Orange brand, France Telecom operates in neighboring Tunisia and African countries including Kenya and the Ivory Coast.[Lees verder]

Zune to expand music, video services to more countries
(Telecompaper) Microsoft will further expand its Zune digital entertainment service into international markets this autumn. Zune will expand its music and video footprint and bring the free Zune software, Zune Marketplace online store, Zune Pass music subscription service and enhanced features on Zune.net to new markets, providing an entertainment experience on Windows-based PCs, on the go with Windows Phone 7 and in the users’ living room through Xbox Live. The Zune software has been upgraded with new features and will serve as the Windows Phone 7 synchronization client. The software version 4.7 will be available for download free of charge in over 20 countries, enabling users to manage their personal collection of movies, music, podcasts and pictures. The updated Zune software will also enable instant streaming of HD movies, enabling customers to watch Zune Marketplace movies in HD, with no download time, directly on a Windows PC. As Zune expands internationally, its music and video service will be tailored for each market and feature the top songs, videos, movies and unique promotions for each country. As part of the international expansion, Zune Marketplace will extend services to several markets in Europe and beyond. Zune Pass will expand to the UK, France, Italy and Spain. The monthly music subscription service will be available for EUR 9.99 per month for unlimited download and streaming access to the Zune music catalogue. The Music purchase capability will soon be available in the UK, France, Italy, Spain and Germany. Expansion to these markets will enable consumers to purchase MP3s and listen on their Windows-based PC, Windows Phone 7 or any other device that supports MP3 format. Users will also be able to purchase music videos to enjoy on Windows devices Xbox LIVE. The video purchase service will be offered in the UK, France, Germany, Canada, Australia and New Zealand, while movie rental will be also available in the UK, France, Italy, Spain, Germany, Austria, Belgium, Ireland, Netherlands, Switzerland, Mexico, Canada, Australia and New Zealand.[Lees verder]

Orange confirms EUR 640 mln 40% acquisition of Meditel
(Telecompaper) France Telecom-Orange, FinanceCom and Caisse de Depot et de Gestion (CDG) subsidiary Fipart-Holding have signed an MoU with a view to France Telecom acquiring 40 percent of Moroccan operator Medi Telecom (Meditel) for EUR 640 million. France Telecom expects the operation to be accretive in terms of cashflow and profit per share from 2011. The group will consolidate its Meditel stake into its accounts from 2015. Meditel is the second biggest global telecoms operator in Morocco, holding licences for fixed and 3G mobile telephony. With over 10 million mobile subscribers and a market share of 37 percent, Meditel recorded sales of over MAD 5.3 billion (EUR 465 mln) in 2009, with a 40 percent EBITDA margin and an around MAD 1.4 billion (EUR 131 mln) operating cash-flow. France Telecom said it intends to leverage its marketing, commercial and technical knowledge to contribute to Meditel’s growth in value-added sectors such as mobile voice and data communications, content and B2B. Othman Benjelloun and Anass Houir Alami, respectively president of FinanceCom and CEO of CDG, see this partnership as a strategic alliance that will strengthen Meditel’s position in Morocco and give it with a platform to reach across the Maghreb and other parts of Africa. The three partners have also agreed to float Meditel on the Casablanca stock exchange in the short to medium term.The stake purchase is due to close at the end of the year subject to approval by Moroccan telecommunications regulator ANRT.[Lees verder]

MetroPCS launches LTE service, 1st LTE phone from Samsung
(Telecompaper) MetroPCS has launched the first LTE network in the US, in Las Vegas, as well as the world’s first LTE mobile phone, the Samsung Craft. The mobile operator is offering the dual-mode LTE/CDMA phone for USD 299 with service plans including unlimited calls, texts and web access at USD 55 or 60 per month. The USD 60 plan also includes access to the new MetroStudio, run by RealNetworks and offering a range of music and ringtone downloads and access to on-demand video from the likes of NBC Universal, BET and Univision. The phone features a 3.3-inch Amoled touch screen, slide-out qwerty keyboard, 3.2 megapixel camera and Wi-Fi and comes with a 2GB microSD card loaded with the film Star Trek. The LTE network was also built with Samsung equipment and covers most of MetroPCS’ footprint in Las Vegas. The operator plans to expand LTE coverage to other markets later this year and in 2011.[Lees verder]

Orange to buy 40% of Meditel for EUR 640 mln – report
(Telecompaper) France Telecom is buying 40 percent of Morocco’s Medi Telecom for EUR 640 million, two people familiar with the situation told Bloomberg. The deal is likely to be announced on 21 September, the news agency’s sources said. France Telecom confirmed in August that it was in talks with Meditel’s owners, Groupe CDG and FinanceCom, that might lead to an “industrial partnership.” Tom Wright, a spokesman for France Telecom in Paris, declined to comment, as did spokespeople for Meditel. The Moroccan company will hold a press conference at 15:00 hours in Rabat, according to Hassan Bouchachia, a Meditel spokesman. Through its Orange brand, France Telecom operates in neighboring Tunisia and African countries including Kenya and the Ivory Coast.[Lees verder]

Zune to expand music, video services to more countries
(Telecompaper) Microsoft will further expand its Zune digital entertainment service into international markets this autumn. Zune will expand its music and video footprint and bring the free Zune software, Zune Marketplace online store, Zune Pass music subscription service and enhanced features on Zune.net to new markets, providing an entertainment experience on Windows-based PCs, on the go with Windows Phone 7 and in the users’ living room through Xbox Live. The Zune software has been upgraded with new features and will serve as the Windows Phone 7 synchronization client. The software version 4.7 will be available for download free of charge in over 20 countries, enabling users to manage their personal collection of movies, music, podcasts and pictures. The updated Zune software will also enable instant streaming of HD movies, enabling customers to watch Zune Marketplace movies in HD, with no download time, directly on a Windows PC. As Zune expands internationally, its music and video service will be tailored for each market and feature the top songs, videos, movies and unique promotions for each country. As part of the international expansion, Zune Marketplace will extend services to several markets in Europe and beyond. Zune Pass will expand to the UK, France, Italy and Spain. The monthly music subscription service will be available for EUR 9.99 per month for unlimited download and streaming access to the Zune music catalogue. The Music purchase capability will soon be available in the UK, France, Italy, Spain and Germany. Expansion to these markets will enable consumers to purchase MP3s and listen on their Windows-based PC, Windows Phone 7 or any other device that supports MP3 format. Users will also be able to purchase music videos to enjoy on Windows devices Xbox LIVE. The video purchase service will be offered in the UK, France, Germany, Canada, Australia and New Zealand, while movie rental will be also available in the UK, France, Italy, Spain, Germany, Austria, Belgium, Ireland, Netherlands, Switzerland, Mexico, Canada, Australia and New Zealand.[Lees verder]