On The Money - In Brief

Mergers, Acquisitions and Financial Results

- All telecom operators in Uganda could be required to list a given percentage of their shares on the Uganda Securities Exchange (USE). "Subsequent to the proposed review, the issue of Ugandans owning shares in the companies that operate in this market will be talked about because there is real concern," Mr. Patrick Masambu, the Executive Director UCC, told a stakeholders' meeting recently.

- The Capital Market Authority (CMA), Egypt's stock market regulator, has once again rejected a bid by France Telecom (FT) to acquire the outstanding shares in cellco MobiNil. The CMA once again said that it had rejected the purchase offer on the grounds that it was unfair to the various shareholders; the regulator rebuffed FT’s initial bid in April 2009 for the same reason.

Telecoms, Rates, Offers and Coverage (briefs)

- Huawei says that it has launched a 2G base station (BTS) designed for use in rural communities in developing markets. The “EasyGSM BTS” is an All IP-based compact BTS, and was co-designed and developed in collaboration with Vodafone in the two firms’ joint Radio Mobile Innovation Centre based in Madrid, Spain. Huawei’s BTS has recently been tested with Vodacom in South Africa using only solar power.