World Business Briefing: South Africa: Telkom in Talks for Sale
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Telkom South Africa may sell the rest of a mobile-phone venture, the nationâs biggest, to Vodafone Group and dispose of its fixed-line unit to the MTN Group. Telkom South Africa said in a statement that it was in talks with Vodafone and MTN over âmobile strategy.â Telkom, which has a market value of about 103.4 billion rand ($14.4 billion), declined to give details. MTN and Vodafone confirmed the discussions in separate statements. The sales would effectively dismantle what was until last year a monopoly over fixed-line phone services in South Africa. They also would give the government an exit from its investment in Telkom. South Africa owns about 38 percent of the company.
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Alltel, the nation's sixth-largest wireless carrier, is in advanced negotiations to buy Western Wireless for roughly $4 billion.
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TORONTO (CP) - Shares of Aastra Technologies Ltd. shot higher Wednesday after the company said it is in talks to buy a European telecom business.
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UK lender Barclays is in talks with South Africa&#39;s Absa about buying a majority stake in the bank. The move would &quot;immediately&quot; boost earnings and profit, and &quot;enhance the bank&#39;s existing successful African operations&quot;, Barclays said.
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Merger with T-Mobile on the cards? Deutsche Telekom is close to making a â¬1.6bn ($2.2bn) bid for mobile operator Orange Netherlands - owned by France Telecom.â¦
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Brazilian mining giant Vale said it has held talks with Anglo-Swiss rival Xstrata about a potential acquisition that have yet to lead to a formal bid.
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ZURICH, Aug 19  - Top Swiss telecoms group Swisscom (SCMN.VX: Quote, Profile, Research) confirmed takeover talks with neighbouring Telekom Austria (TELA.VI: Quote, Profile, Research) had ended without result, the group said on Thursday, crushing ...
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Warburg Pincus, Providence Equity close to acquiring former part of AT&amp;T Bell Labs, report says. NEW YORK (CNN/Money) - Two investment firms are about to close a deal to acquire telecommunications software company Telcordia Technologies Inc.
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Stake in Deutsche Telekom AG may be sold by Germany for â¬4.45 billion ($5.5 billion) as EU faces finance deficits and seeks for the ways to resolve the problem.
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South African cellular operator   MTN MTNJ.J is in talks with Naspers' NPNJn.J MultiChoice   pay-TV business to provide television on mobile phones by 2010,   a top company official said on Wednesday.
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The RBS-led group seeking to buy the Dutch bank ABN Amro is given until 23 July to make a formal offer.
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Apartheid protesters forced bank out 18 years ago. Now it is in talks about buying a Â£2bn stake. Barclays is planning a major return to South Africa by buying a Â£2bn stake in the country&#39;s largest retail
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By staff writers and wires. THE nationn&#39;s biggest telco, Telstra Corp, is offering shareholders up to $4.65 per share in a off-market buyback worth $750 million.
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Verizon (VZ:NYSE - news - research) reportedly is weighing a bid for Sprint (FON:NYSE - news - research) after Vodafone (VOD:NYSE - news - research), with which it jointly owns Verizon Wireless, signed off on the move.
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LONDON (CBS.MW) -- British bank Barclays on Thursday said it is in talks to buy a majority stake in South African bank ABSA. Free!
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Deutsche Telekom, the largest European phone company, has offered to buy out investors in T-Online International, its Internet division, for about E3 billion, aiming to revive growth at its fixed-line business.
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German telecoms giant Deutsche Telekom is considering selling its French Internet access provider Club Internet.