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MTN bid for Mascom not yet finalized.
MTN's US$128 million (P716.8 million) bid for 44 percent of Mascom Wireless Botswana--40 percent owned by Econet Wireless--is not finalized, and the sale is subject to arbitration, a key Mascom shareholder has said.
DECI Investments, which claims 60 percent of Mascom, said that its two main shareholders--Botswana Public Officers Pension Fund (BPOPF) and Botswana Insurance Fund Management (Bifm)--had fallen out because BPOPF believes it had first refusal for Bifm shares in DECI under a shareholder agreement, Reuters reported.
DECI said that until the matter was settled, no deal with another investor could be agreed upon and no shares could be transferred. BPOPF was in talks to sell its stake in DECI, it said. As MTN shares rose on news of its latest acquisition, South African analysts debated whether MTN was paying too much for Botswana's largest mobile-phone operator.
"The indirect equity interest in Mascom was acquired for an aggregate consideration of approximately US$128 million (based on an average exchange rate of approximately BWP5.5 = US$1), implying an average valuation of US$300 million (P1 650 ...
- MASCOM HAS CHOSEN X-TONES - AN RBT SOLUTION BY BERCUT.
- News wire article from: AsiaPulse News November 25, 2009 700+ words
...of statement. Contact details below.) Mascom has Chosen X-tones - an RBT Solution by Bercut Mascom Wireless, the largest mobile operator and...Back Tone (RBT) solution, announced by Mascom, Bercut's X-tones was chosen as a solution...
- Mascom has Chosen X-tones - an RBT Solution by Bercut.
- Press release article from: PR Newswire Europe November 25, 2009 700+ words
...Russia, November 25 /PRNewswire/ -- Mascom Wireless, the largest mobile operator...Back Tone (RBT) solution, announced by Mascom, Bercut's X-tones was chosen as a solution to meet Mascom's requirements and provide a service...
- PORTUGAL TELECOM SELLS STAKE IN MASCOM (BOSTWANA) FOR EURO 44 MILLION.(Brief...
- Newspaper article from: Tech Europe July 24, 2003 700+ words
...50.01% share in Botswana's telecommunications operator Mascom Wireless Bostwana for 250 million pulas (around Euro 44 million...With a net indebtedness of Euro 18.6 million last March, Mascom will be taken out of PT's scope of consolidation. The impact...
- MTN Subscribers Soar to 61,4m as Group Continues to Deliver Solid Performance.
- Press release article from: PR Newswire March 20, 2008 700+ words
...operations. In light of this, in 2007 the MTN Group increased its shareholding in MTN Rwanda from 40% to 55% and Mascom Botswana from 51% to 53%. The increased...not result in a change in control. Says MTN Group President and CEO, Mr Phuthuma...
- MTN Records Healthy Interims With Over 20 Million Subscribers.
- Press release article from: PR Newswire November 24, 2005 700+ words
...2004. Says Phuthuma Nhleko, MTN Group CEO: "We are satisfied...the period under review. The MTN Group has entered a new growth...During this reporting period, the MTN Group successfully concluded...emerging markets. The investment in Mascom of Botswana is currently accounted...
- TelOne told to halve overdue bills in attempt to collect payment.(ZIMBABWE)
- Newspaper article from: Africa & The Middle East Telecom September 1, 2009 700+ words
...According to regional average tariffs observed by the authorities in March this year, South Africa's MTN was charging 37 cents a unit, Botswana's Mascom charged 23 cents, Kenya's Celltel 39 cents, Celtel Zambia 22 cents, Vodacom of Mozambique...
- Zimbabwe: TelOne told to halve overdue bills in attempt to collect payment.
- News wire article from: TendersInfo September 12, 2009 700+ words
...According to regional average tariffs observed by the authorities in March this year, South Africa s MTN was charging 37 cents a unit, Botswana s Mascom charged 23 cents, Kenya s Celltel 39 cents, Celtel Zambia 22 cents, Vodacom of Mozambique 28...
- MTN Group adjusted headline earnings up 97%.
- Press release article from: PR Newswire June 19, 2003 700+ words
...Johannesburg, June 19 /PRNewswire/ -- The MTN Group Limited (formerly M-Cell Limited...tax asset (2) of R161 million raised in MTN Nigeria, an adjusted profit after tax of...Announcing his first full set of annual results, MTN Group CEO, Phuthuma Nhleko, said: "We...