Vivendi nears pact for control of Neuf Cegetel

Article Abstract:

Vivendi S.A. provided details on its $6.33 bil proposal to assume control of broadband provider Neuf Cegetel S.A., which would make Vivendi a viable rival to France Telecom. SFR, Vivendi's mobile unit, would purchase the 28.64% Neuf Cegetel stake owned by commodity trader Louis Dreyfus. SFR currently owns 39.95% of Neuf Cegetel.

PRINTING AND PUBLISHING, Radio and Television Broadcasting, United Kingdom, France, Mass media industry, SFR, Louis Dreyfus and Company Ltd., Vivendi S.A.

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Level 3 to buy Broadwing in deal worth $1.4 billion

Article Abstract:

Level 3 Communications Inc. of the United States is to purchase Broadwing Corp. also of the United States for approximately $1.4 billion. The purchase of Broadwing Corp. is just one of a string of acquisitions for the telecommunications wholesaler Level 3 Communications Inc.

United States, Level 3 Communications Inc., LVLT

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Middle East telecom deal hits $3.7 billion

Article Abstract:

Qatar Telecom is acquiring a 51% stake in Kuwait's National Mobile Telecommunications for $3.7 billion. In contrast to the West, telecommunications companies in the Middle East are expanding rapidly.

Market share, Company market share, Kuwait, Qatar, National Mobile Telecommunication, Qatar Telecom

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