The Digital Source For China's Tech Innovation Since 2000

Search
Close

China Mobile May Acquire MTN's Assets

April 3, 2009
Telecom & Wireless

Chinese telecommunications operator China Mobile is considering the acquisition of a part of the South African telecommunications operator MTN Group's assets in Iran, Syria, and Sudan, with a total value of about USD2 billion.

According to local media reports, China Mobile is looking for partners in the telecommunications industry to jointly bid for these assets. At present, the company has narrowed its target to several experienced operators in the African market, including France Telecom, Kuwait-based Zain, Egypt's Orascom, and Dubai's Etisalat.

MTN Group currently owns a 49% stake in its Iranian branch Irancell and it owns a 85% stake and a 75% stake in its Sudanese and Syrian branches, respectively. Prior to this, China Mobile asked to acquire MTN Group's assets independently, but the suggestion was rejected by the latter.

In 2007, China Mobile acquired Pakistani Paktel for USD460 million and renamed it as China Mobile Pakistan. The Chinese telecom operator then launched a new telecom brand named Zong in the country.

Tags: acquisition | Africa | bid | brand | China | China Mobile | Chinese | Dubai | Egypt | Etisalat | France | France Telecom | investment | Iran | IT | Kuwait | media | mobile | MTN Group | operator | Orascom | Pakistan | Paktel | South Africa | Sudan | Syria | Tehran | telecom | telecommunications | ZONG

Other Related News:

Taipei Fashion Week SS22 Digital Fashion Show Theme Inspired by City’s Pandemic Approach

October 24, 2021

What message did China send by choosing a Uyghur Olympic torchbearer? MarketWatch

February 6, 2022

Hebei Website Closed For Olympic Copyright Infringement

August 12, 2008

Global Woes Don't Hamper Longtop's China Growth

February 19, 2009

Rumor: China Unicom Will Introduce iPhone In August

June 17, 2008

Bitcoin Heading To Zero, China Warns Investors

June 26, 2022

China Auto Maker Geely Ventures Into Smartphones News

July 5, 2022

ZTE Responds To Huawei's European Patent Lawsuit

March 19, 2013

Mather Group LLC. Decreases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

October 7, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter