On The Money - In Brief

Mergers, Acquisitions and Financial Results

- MTC of Kuwait is reportedly interested in bidding for a stake in Algeria’s dominant telco Algérie Télécom via its African subsidiary Celtel, according to Kuwaiti newspaper Al-Qabas. MTC joins firms such as France Télécom, Telefónica, Etisalat, Portugal Telecom and Deutsche Telekom on the list of firms interested in entering Algeria’s fast-growing telecoms market.