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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (26156)12/7/2007 8:58:18 PM
From: elmatador  Read Replies (1) | Respond to of 220450
 
See GCC money being invested in mobile: Could you imagine that? "Sudatel, which flagged off as a regional carrier in 1994, also has capital investors from eight countries including Saudi Arabia, Emirates, Qatar, Yemen, Bahrain, Iran, Sultanate Oman, Jordan, and 14 local and regional banks and 80 local and foreign companies.

ELMAT: There are USD1.6trillion of foreign reserves that need to be invested. Not sent to banks. Invested in real assets. The Arabs go there and say: "If you don't get on board with us, the CHinese come here and eat the whole thing. Lets do business."

Sudan Telecommunications Company (Sudatel), the national telecoms company of Sudan, is to buy 70 per cent share of Intercellular, one of Nigeria's leading privately owned telecoms operator, in yet another major take-over in the nation's fast-growth telecoms sector, Technology Times has confirmed.

Technology Times is yet to verify final financial details of the Intercellular-Sudatel deal that will see Bashir el-Rufai, the top promoter of the business and ex-General Manager, Lagos Zone of the Nigerian Telecommunications Limited (NITEL), and other Nigerian shareholders ceding control to the Sudanese operator. Sudatel is hoping to inject capital for funding expansion, agressive marketing and network upgrade to drive the future growth of the Nigerian telecoms company in the unified service market fusing mobile and fixed services.

With the creation of the investment arm Mubadala Development in October of 2002, Abu Dhabi started to invest directly in projects such as Nigerian telecommunications and power plants in Algeria.

There's a lot of money going into those markets as capital spreads like a virus.



To: Maurice Winn who wrote (26156)12/7/2007 9:02:17 PM
From: elmatador  Respond to of 220450
 
U.A.E Etisalat is making a big push in Africa to leapfrog the communications gap by blanketing the continent with high-speed links, the chairman of the UAE telecom company has announced.

Mohammad Hassan Omran said at a conference here that the company has earmarked $5.5 billion (Dh20.2 billion) – with an additional war chest of $5 billion (Dh18.3 billion) waiting for action – to build submarine cables, wireless internet and mobile phone networks in the continent with nearly 890 million people.

ELMAT: That sounds like music for my ears!

"At the moment, we have already poured $4.1 billion [Dh15 billion] in the east and $1.4 billion [Dh5.1 billion] in the west [Africa]. New technologies will help raise the economic level in these countries along with education initiatives such as Dubai Cares," said Omran.

"We’d love to go everywhere in Africa," he said.

etisalat is on an expansion binge with more than 33 million subscribers in 15 countries made through acquisitions and investments of more than Dh30 billion. Out of those 15 countries, 12 are in Africa.

etisalat, which has three submarine cable ships, is also a key player in The East African Marine Systems (TEAMS) project, which will lay down high-speed fibre-optic submarine cables on its eastern shores, bypassed by globe-spanning cables that form the backbone of the internet.

"Telecommunications enhance education, health, trade and stability," said Omran. "As soon as Somalia stabilises, we’ll be there."