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To: TobagoJack who wrote (50083)5/16/2009 5:54:04 AM
From: elmatador  Respond to of 217901
 
Zimbabwe: MTN, Orascom wrestle for space. Nothing stops the pole-climbers of this planet!

Zimbabwe: MTN, Orascom wrestle for space.

Posted on Friday 8 May 2009 - 11:20
AfricaNews editors
Mobile Telecommunications Network (MTN) and Orascom are maneuvering seriously behind the scenes to buy into Zimbabwe's NetOne and Telecel respectively, a market watching firm said. Bulls and Bears reported that NetOne had been approached by MTN with the view to purchasing a significant stake.

“NetOne has reportedly been approached by MTN of SA and indications are that the SA player will get about 40% stake in a JV where MTN will be the technical Partner. Orascom has also reportedly indicated that it will inject more funds into Telecel,” Bulls and Bears said according to a report on itnewsafrica.com.

“It is supposedly these behind the scenes developments that forced Econet to seek for the US$93m funding through EWG.” The companies could not be reached to comment on the reports.

The Zimbabwe telecommunications industry, like most businesses in the Southern African nation, has suffered from prolonged political turmoil, instability and hyperinflation.

The government recently revealed plans to reform the sector by removing high tax charges on imported equipment, and allowing network operators to bill customers in foreign currencies.



To: TobagoJack who wrote (50083)5/16/2009 6:15:55 AM
From: elmatador  Read Replies (1) | Respond to of 217901
 
In the middle of the 18th century, China had a 36% share of the world economy and India had 28%, and the largest share among European great powers was Russia with 5%.

The great power of the 16th Century was Holland. Where is Holland today?

That show that a country can go from minnow to superpower, and back to minnow. It is a fact of life!

US share of the world economy, in 1945 reached 40%. In 1960 had dropped to 35%, in 1985 was 28%, in 2003 was about 22%. Today it is said to be below 20%. Note that although a half of it was in 1950, the US forgot to shrink the power projection and still has world power apparatus.

My take is US share of the world economy will go down to 15% and will keep that share.