On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Chief Executive Officer of Vodacom, Alan Knott-Craig, has expressed regrets over pulling out of an opportunity that would have given Vodacom a piece of Nigeria, Africa's largest telecoms sector.

- ADVA Optical Networking today announced the opening of an office in Centurion, South Africa, to service the growing demand for optical fibre and Ethernet networking solutions across the region.

- Orascom Telecom has applied to Egypt's Case to reduce its issued capital to EGP1.028 billion.