Saturday, 9 July 2011
Friday, 8 July 2011
Tuesday, 5 July 2011
A new study from Pyramid expects the new entrants in Cameroon to capture a mobile share of 12.78 percent by 2015, impacting MTN and Orange and reducing their shares to 50.7 percent and 36.5 percent respectively.
In June 2011 the government announced that they will be offering two mobile licenses at auction by the end of the year. "The details of the process are yet to be declared and may depend on the 2011 Cameroonian presidential election taking place without significant disruptions to government operations, " says Ronda Zelezny-Green, Associate Research Analyst at Pyramid. Both MTN and Orange will be affected by these new entries and are looking to expand into rural areas to maintain their market share.
Monday, 4 July 2011
Sunday, 3 July 2011
du said on Sunday it had fully repaid its 3-year AED 3 billion (USD 817 million) dual currency syndicated loan facility. The syndicate of 16 banks were repaid using a combination of existing financing facilities and cash. This was du’s debut debt offering in 2008.
Zain Group has appointment Ahmad Al Hanandeh as CEO of Zain Jordan, with effect from 1 July following the departure of Dr Abdul Malek Al Jaber who ended his two-year contract. Dr Al Jaber also relinquishes his role as Zain Group Chief Operations Officer.