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.