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Indian conglomerate Essar has agreed to sell its Kenyan mobile operator, Yu Mobile, to its larger rivals Safaricom and Airtel for US$120m.
Under the agreement, market leader Safaricom, which controls over 65% of Kenya’s mobile market, will take over Yu’s network, IT and office infrastructure.
America Movil (AMX) is reported to have mandated Bank of America to enact its plan to dispose of certain telecoms assets in Mexico to comply with regulatory reforms.
In July the incumbent operator announced that it would offload subscribers and infrastructure following the recommendations of a strategic committee it established in light of changes to Mexico’s telecoms laws.
Kuwaiti mobile operator Viva has reportedly won regulatory approval to list on the local stock exchange, almost six years after completing its IPO.
Saudi Telecom (STC), which has a 26% stake in Viva and controls its financial and operational policies, made the announcement in a market filing which did not specify when the listing will take place, Reuters reported.
The chief executive of Batelco’s Bahraini unit, Rashid Abdulla, has stepped down after three years in the role.
Alan Whelan, the Bahrain-based operator’s group CEO, will replace him until a new head is found.
Hutchison Whampoa’s Irish unit Three has signed a network sharing agreement with competitor Eircom following Three’s merger with O2 Ireland.
The contract was one of the remedies Three pledged to gain approval from the European Commission (EC) for its €850m (US$1.16bn) takeover of O2 earlier this year.
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