Orange in advanced talks to buy 40% of Meditel – report

Orange in advanced talks to buy 40% of Meditel – report
(Telecompaper) Orange is in advanced talks to buy 40 percent of Moroccan operator Meditel for EUR 650 million from CDG and FinanceCom, reports Moroccan weekly Actuel. Meditel refused to comment to Reuters, and no one was immeditately available at government investment holding company CDG or privately-owned investment group FinanceCom. France Telecom confirmed its interest in the Moroccan market, but could say no more at this time. Meditel is the main rival of former monopoly Maroc Telecom, which is backed by Vivendi. It also competes with ONA subsidiary Inwi. Meditel lost two shareholders last September, Telefonica and Portugal Telecom, which each sold their 32.2 percent stakes for slightly under EUR 900 million to CDG, and RMA Watanya and FinanceCom, both owned by Othman Benjelloun, who already had a 5 percent stake of Meditel. At the time, FinanceCom and CDG did not rule out the possibility of bringing on a new investor if it would help boost Meditel’s share value. The UAE’s Etisalat and Egypt’s Orascom Telecom both expressed interest. The new owners also considered a flotation on the Casablanca bourse.[Lees verder]

NSN in talks for private equity investment – report
(Telecompaper) Nokia Siemens Networks is in talks with private equity groups such as Blackstone and TPG anout an investment of USD 1 billion for a minority stake in the mobile infrastructure ­company. The deal would help NSN finance its recent USD 1.2 billion purchase of Motorola’s network equipment business, the Financial Times reports.
NSN is also looking to benefit from their experience at integrating two such large companies smoothly. One person familiar with the talks said they were still in “early days” and may not result in a deal. The private equity groups, who are also reported to include Silver Lake Partners and Bain Capital, would need to team up as the USD 1 billion equity investment would be too large for any of them alone.[Lees verder]

NTT Docomo to acquire Packetvideo
(Telecompaper) Japanese mobile operator NTT Docomo has reached an agreement with US mobile broadband company NextWave Wireless to acquire the remaining 65 percent equity interest in PacketVideo, a subsidiary of NextWave Wireless for USD 111.6 million. The deal will turn US mobile video company PacketVideo into a wholly owned subsidiary of Docomo. Docomo acquired a 35-percent stake in PacketVideo from NextWave in July 2009. The new acquisition is subject to customary closing conditions, including clearance by certain US regulatory authorities and the approval of NextWave’s shareholders. The transaction is expected to close during the quarter ending 30 September. Docomo aims to create synergies with PacketVideo for enhanced media services, including the creation of an all-new domain of services that enables users to link their mobile handsets with home electronic devices to remotely enjoy and share content.[Lees verder]

UAE to suspend BlackBerry services
(Telecompaper) The UAE will suspend use of BlackBerry services in October, citing concerns about security risks. The Telecommunications Regulatory Authority said it would halt BlackBerry services from 11 October until they are in compliance with UAE regulations. Users were advised to seek alternatives at mobile operators Etisalat and Du. Mohammed Al Ghanem, director general of the TRA, told Reuters it’s a final decision, but the regulator is still continuing discussions with BlackBerry owner Research In Motion. The UAE objects to Blackberry data being exported offshore and managed by a “foreign, commercial operation”. In their current form, certain Blackberry services allow users to act without any legal accountability, causing judicial, social and national security concerns for the UAE, the state news agency said. Etisalat and Du confirmed they will comply with the TRA’s decision and said they were looking to deliver alternatives to BlackBerry customers. Du said that customers would be able to continue using their BlackBerry handsets for voice, SMS, MMS and web browsing, but not for the BlackBerry service.[Lees verder]

Orange in advanced talks to buy 40% of Meditel – report
(Telecompaper) Orange is in advanced talks to buy 40 percent of Moroccan operator Meditel for EUR 650 million from CDG and FinanceCom, reports Moroccan weekly Actuel. Meditel refused to comment to Reuters, and no one was immeditately available at government investment holding company CDG or privately-owned investment group FinanceCom. France Telecom confirmed its interest in the Moroccan market, but could say no more at this time. Meditel is the main rival of former monopoly Maroc Telecom, which is backed by Vivendi. It also competes with ONA subsidiary Inwi. Meditel lost two shareholders last September, Telefonica and Portugal Telecom, which each sold their 32.2 percent stakes for slightly under EUR 900 million to CDG, and RMA Watanya and FinanceCom, both owned by Othman Benjelloun, who already had a 5 percent stake of Meditel. At the time, FinanceCom and CDG did not rule out the possibility of bringing on a new investor if it would help boost Meditel’s share value. The UAE’s Etisalat and Egypt’s Orascom Telecom both expressed interest. The new owners also considered a flotation on the Casablanca bourse.[Lees verder]

NSN in talks for private equity investment – report
(Telecompaper) Nokia Siemens Networks is in talks with private equity groups such as Blackstone and TPG anout an investment of USD 1 billion for a minority stake in the mobile infrastructure ­company. The deal would help NSN finance its recent USD 1.2 billion purchase of Motorola’s network equipment business, the Financial Times reports.
NSN is also looking to benefit from their experience at integrating two such large companies smoothly. One person familiar with the talks said they were still in “early days” and may not result in a deal. The private equity groups, who are also reported to include Silver Lake Partners and Bain Capital, would need to team up as the USD 1 billion equity investment would be too large for any of them alone.[Lees verder]

NTT Docomo to acquire Packetvideo
(Telecompaper) Japanese mobile operator NTT Docomo has reached an agreement with US mobile broadband company NextWave Wireless to acquire the remaining 65 percent equity interest in PacketVideo, a subsidiary of NextWave Wireless for USD 111.6 million. The deal will turn US mobile video company PacketVideo into a wholly owned subsidiary of Docomo. Docomo acquired a 35-percent stake in PacketVideo from NextWave in July 2009. The new acquisition is subject to customary closing conditions, including clearance by certain US regulatory authorities and the approval of NextWave’s shareholders. The transaction is expected to close during the quarter ending 30 September. Docomo aims to create synergies with PacketVideo for enhanced media services, including the creation of an all-new domain of services that enables users to link their mobile handsets with home electronic devices to remotely enjoy and share content.[Lees verder]

UAE to suspend BlackBerry services
(Telecompaper) The UAE will suspend use of BlackBerry services in October, citing concerns about security risks. The Telecommunications Regulatory Authority said it would halt BlackBerry services from 11 October until they are in compliance with UAE regulations. Users were advised to seek alternatives at mobile operators Etisalat and Du. Mohammed Al Ghanem, director general of the TRA, told Reuters it’s a final decision, but the regulator is still continuing discussions with BlackBerry owner Research In Motion. The UAE objects to Blackberry data being exported offshore and managed by a “foreign, commercial operation”. In their current form, certain Blackberry services allow users to act without any legal accountability, causing judicial, social and national security concerns for the UAE, the state news agency said. Etisalat and Du confirmed they will comply with the TRA’s decision and said they were looking to deliver alternatives to BlackBerry customers. Du said that customers would be able to continue using their BlackBerry handsets for voice, SMS, MMS and web browsing, but not for the BlackBerry service.[Lees verder]

Comments are closed.