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Technology Stocks : Africa - The Wireless Frontier
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To: elmatador who wrote (77)2/15/2007 12:38:42 PM
From: waitwatchwander  Read Replies (1) of 180
 
The efforts of MTN remind me of those of Talisman when they went into Sudan tinyurl.com After getting everything working, they sold their holdings to China and securitized their market discount tinyurl.com

Could that be MTN's game? Does MTN trade on the LSE?

MTN going into Lebanon shouldn't be a big surprise and maybe House of Saud cash was behind some of their original financing.

Investcom's largest shareholder is M1, an investment firm owned by the family of former Lebanese Prime Minister Nagib Mikati, which holds a 70.6 percent stake. MTN says it will issue 204 million new shares to finance the acquisition, in addition to $3.85 billion in loans underwritten by Deutsche Bank AG.
...
Despite the growth potential, Western carriers have been more reticent to tap into emerging markets to offset the effect of saturated markets at home. "Big European-based carriers like Vodafone and Orange are nervous about the relatively high-risk markets that these other pan-regional carriers are investing in," says Heavy Reading senior analyst Patrick Donegan. "Over time they might be able to offer economies of scale and experience of consolidating multiple operations as potential strategic investors or outright buyers of these companies."

— Nicole Willing, Reporter, Light Reading

lightreading.com
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