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Private equity firm eyes stake in All Blacks

2021-01-12 05:14:43| BBC News | Business | UK Edition

New Zealand's national treasure has burned through nearly half of its cash reserves due to lockdowns.

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Amazon eyes $2bn stake in Airtel as FAANG companies back Indian telcos

2020-06-04 02:00:00| Total Telecom industry news

Back in April, Facebook made a huge investment into Reliance Jio, committing to the Indian market with a $5.7 billion share of the country’s largest telco. Jio has seen a host of further investments, with Abu Dhabi’s Mubadala Investment Co…read more on TotalTele.com »

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Tanzanian businessman Mufuruki eyes 51% stake in Wananchi

2018-05-03 10:59:00| Telecompaper Headlines

(Telecompaper) Tanzanian businessman Ali Mufuruki is seeking to take over control of Wananchi Group Holdings by acquiring a 50 percent shareholding, reports The Citizen. Currently, Mufuruki holds 1 percent of the total shares in the Zuku TV parent company. Once the purchase of the other shares is approved, his stake in the internet and pay-TV service provider will increase to 51 percent.

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Orange eyes stake in Iran's MCI - reports

2016-09-01 11:18:00| Telecompaper Headlines

(Telecompaper) France's Orange is in preliminary talks to acquire a stake in Mobile Telecommunication Company of Iran (MCI), the country's largest operator, in what would mark the first significant deal involving a Western firm and a major Iranian company since nuclear sanctions were lifted in January, reports The Wall Street Journal, citing sources close to the talks.

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MTN eyes majority stake in Telkom - report

2015-02-12 20:46:00| Telecompaper Headlines

(Telecompaper) South Africa's MTN is exploring the potential acquisition of a majority stake in Telkom to increase its ability to compete against Vodacom, Bloomberg reported, citing people close to the discussions. According to the report, MTN has held exploratory discussions in recent months about a possible offer for Telkom. Telkom's strong position in the fixed-line market will help MTN to take on Vodacom, which is planning to acquire Neotel. Telkom spokesperson Jacqui O'Sullivan told Bloomberg that the company "is engaging in discussions with a number of industry players to consider how they could operate more efficiently". In January, news emerged that South Africa's government is planning to inject USD 870 million into energy group Eskom, and it may sell its stakes in Telkom and Vodacom to raise the money. Reuters reported that the government may fund the USD 870 million as soon as June.

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