IN BRIEF:

Mergers, Acquisitions and Financial Results

- As part of its programme to rid itself of debt, Telkom Kenya handed over the Kenya College of Communications Technology (KCCT) to Communications Commission of Kenya (CCK) as part of its restructuring before privatisation..

- Morocco’s government has offered a 4% stake in incumbent Maroc Télécom to domestic and international institutional investors. 35.16 million shares went on offer with shares to be transferred on 5 July. Following the transaction, the state will own 30% of Maroc Télécom, which is 51% owned by France’s Vivendi Universal, with 15% currently in public float.

- In South Africa, DataPro Group announced that they will now be called Vox Telecom. The name change represents a shift in the company’s strategy to position itself as an alternative telecom operator offering a wider range of voice and data services.