On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Vodacom and Altech today confirmed that an agreement has been signed whereby Altech’s wholly-owned subsidiary, Altech Autopage Cellular, will be a preferred Independent Service Provider to the Vodacom network for at least the next five years – with an option of a further five years. There was speculation that the signing of this contract was one of the contributory factors to the falling out between Altech and Econet.

- Emirates Telecommunications Corporation- Etisalat - has announced its prequalification for the bid that will soon be underway in Tunisia. Etisalat The Corporation has been selected along with 12 other international companies, who will all participate in a bid to purchase 35 per cent stake in the Tunisian government-owned Tunisia Telecom. The final bid process is expected to be in December 2005, and the final dates and procedures will be announced soon.”