Zain may settle $12bn Celtel Africa sale this week.

[Recta]

From Dow Jones Newswires
Tuesday 09 June 2009

Sources say Zain is waiting for a response from French buyer this week, before studying other bids.

Kuwait-based Mobile Telecommunications Co., or Zain Group, may settle this week a deal to sell its unit Celtel Africa to a French company for up to $12 billion, Kuwait-based Al Qabas daily reports Tuesday.

The deal is expected to be profitable to Zain and will inject ample cash liquidity into it, the paper reports citing people familiar with the matter.

Zain is waiting for reply from the French company this week and if the deal isn't settled Zain will study bids made by other companies, the people said according to the daily.

The French company will also buy Celtel Africa's debts which will be discounted from the African telecom operator's price, the people added.

 

[Bluray]

Hii kwa network yao ya Africa nzima au nchi moja tu? Mbona hela chache sana?

 

[Ndahani]

Ni kuuzwa na Kununuliwa, kuajiri na kupunguzwa kila kukicha. Mhh, tuanzishe makampuni yetu sasa. Tuachane na huu utapeli wa wawekezaji, marafiki wa bwana Ben

 

[Recta]

Hii kwa network yao ya Africa nzima au nchi moja tu? Mbona hela chache sana?

Hii ni kwa network ya Africa nzima.

Utakumbuka kuwa Celtel International (zamani MSI International) waliuza network yao kwa wawekezaji wa Bahrain na kuiita Zain International (na hivyo network kuitwa Zain) kwa USD $3.6bil. Kwahiyo kuiuza kwa $12bil ni faida kubwa zaidi.

Inasemekana pia kuwa, mnunuzi atanunua madeni yote ya Zain Africa. Labda hapo ndipo bei inapokuwa kubwa zaidi.

 

[Malunde-Malundi]

DU; kumbe ila thread iliyokuwa inasifia perfomance ilikuwa KUSAFISHA TU KWA MAJI MEUPE

 

[Lambardi]

Sasa hapo wasije wakadai tena ile tax holiday maana mmmm usanii juu ya usanii kama tamthilia.....tena ile ya vitimbi......wanapasiana tu mpira..

 

[Kasheshe]

Sasa hapo wasije wakadai tena ile tax holiday maana mmmm usanii juu ya usanii kama tamthilia.....tena ile ya vitimbi......wanapasiana tu mpira..

Wajameni hakuna usanii wowote hapo. Ni mambo ya Biashara ya kawaida... Kwenye utandawazi lugha za Merge & Acquisition za kawaida sana.

 

[Recta]

Zain looking to sell African ops to Europe's Vivendi

By Reuters
Friday, 12 June 2009

​

If the deal isn't settled, Zain will study bids made by other companies.

Kuwait's Mobile Telecommunications Co. (Zain) is looking to sell its African operations to Europe's largest entertainment group Vivendi, according to a Nigerian newspaper on Friday. Without citing any sources, The Business Day newspaper reported that Kuwait's biggest mobile operator was waiting for a reply from Vivendi on the sale of Zain Nigeria this week. If the deal isn't settled, Zain will study bids made by other companies, the newspaper said.

Officials from both companies declined to comment to Reuters on the story. Formerly known as MTC, Kuwait's national telecoms brand Zain has grown into a global player with operations in more than 22 countries. According to CEO Saad Al Barrak, the firm has ringfenced $5bn to spend on new acquisitions before 2011 and is on track to hit this year's target of a 30 percent rise in net profit. Group net profit was $1.40bn in 2008; an annual increase of six percent.