Thursday, July 9, 2009

Vivendi Seeks Equity Stake in Zain Africa

In a press statement, Vivendi confirmed its interest for acquiring a majority stake in the Zain group's telecommunications activities in Africa. An acquisition would enable Vivendi to capitalize on its experience of developing mobile telephony in Africa. Vivendi said that at this stage there is no certainty that its discussions with Zain will lead to a deal,

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