On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Telkom South Africa is taking an almost silent approach to accusations of dodgy tenders and claims that its sale of Vodacom is a huge and possibly tainted decision, with its CEO and chief financial officer remaining tight-lipped on the issues.

- Nigeria’s government through the Bureau for Public Enterprise (BPE) has announced that the absence of audited accounts for Nitel and Mtel will hold back the privatisation body in its bid to move forward in the privatisation process.

- Wireless mobile communications company Motorola has appointed a new distributing agent for the Eastern African region. New Edge Solutions Limited (NESL) will distribute Motorola products to nine countries in the region as the company seeks to increase its market share currently threatened by stiff competition.