TELECOMS

Telecoms News - In Brief

- The negotiations for the sale of Zain Group's assets in Africa are frozen, says the Chief Executive Officer of Zain, Kuwait's largest public company. This news came during a media forum that hosted Zain's CEO Dr Saad Al-Barrak as a guest speaker. Responding to a question related to the sale of Zain's stake owned by Kharafi Group, Dr Saad Al-Barrak said, "It is the wish of a group of shareholders who received an offer and they accepted it... so they are free to act." News reports last month quoted officials from Kharafi Group and others as having agreed to sell 46 percent stake of Zain to an international consortium.

- The workers of Zambia’s telco incumbent Zamtel want to be paid separation packages before the sale of 75 percent shares to a strategic equity partner. Unionised workers are demanding that the company pays them separation packages before being engaged on new contracts of employment.

- The number of mobile telecommunications subscribers in Mozambique totalled 4.4 million at the end of 2008, according to a report from the Mozambican Ministry for Transport and Communications. According to the document, cited by Mozambican newspaper Notícias, in 2004 there were 610,000 mobile telephone subscribers.

Tweet  LinkedIn  Send to a friend  Share