Viacom chairman and CEO Philippe Dauman Calls Paramount Pictures a “Crown Jewel” Promotes it as a real Growth BusinessSubmitted by Faarooq Mehmood on Tue, 03/08/2016 - 08:50
On Monday, Philippe Dauman the Viacom chairman and CEO, called the Paramount Pictures a "crown jewel." He said that he hoped to reach an agreement to sell a minority stake in Paramount before the next financial quarter ended. The studio is behind big hits like "Star Trek" and "Transformers".
According to the analysts, Alibaba could be one of the interested companies which would like a share in Paramount. However, Dauman is tight lipped about who all could approach the studio.
Telecommunications and Postal Services Minister of South Africa says the Country Continues to be an Investment DestinationSubmitted by Isha Sondhi on Wed, 02/24/2016 - 08:34
Siyabonga Cwele, South Africa's Telecommunications and Postal Services Minister said that the country attracted R64.3 billion in Foreign Direct Investment (FDI) which crossed the target of R45 billion in the initial three quarters of the ongoing fiscal year.
On Tuesday, while addressing the media, the minister said South Africa continues to be an investment destination and also a competitive business amidst challenges faced by economy globally.
VimpelCom Ltd., the sixth biggest telecommunications company in the world is being fined $795 million to resolve claims that it paid bribes of $114 million to a high ranking government official in Uzbekistan.
On Thursday, authorities said, the company paid bribes to an Uzbek government official closely related to a high-ranking official who influenced the regulators of the Uzbek telecommunications industry.
MTN Group, the mobile phone company from South African said on Saturday, it has not reached any final agreement with the Nigerian government authorities that will permit it to make the $5.2 billion fine in phases, which was supposed to be paid on Monday.
Chris Maroleng, a spokesperson from MTN said, "We caution against information from any sources outside the company."
The users of M-Pesa in Kenya will now be able to confirm the recipient's names when transferring mobile money before they complete the transaction.
On Saturday, in a statement Etisalat, the telecom company in UAE said that from September 15, even foreign nationals and institutional investors will be able to buy its shares. Earlier, only the residents of the emirates were permitted to buy shares of the company. Sixty percent of the telecom giant is owned by the UAE government.
Etisalat ranks as the second largest Arab telecoms firm only after Saudi Telecom. It serves one hundred and forty five million customers spread in fifteen countries.
Liquid Telecom and MTN Group Partnership will Provide Customers Larger and Better Access to ServicesSubmitted by Isha Sondhi on Tue, 08/25/2015 - 07:46
MTN Group and Liquid Telecom announced that the two companies are going in for a partnership and will jointly offer a larger and better access to the customers across the African continent.
The partnership covers high speed broadband, wholesale, carrier-to-carrier, enterprise and fixed data services and also allows MTN and Liquid Telecom to access one another's networks in different countries of Africa. This will be beneficial for both as there may be locations where one of the companies might not have presence right now.
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