Nigeria's Starcomms gets $210 mln from investment group
LAGOS Oct 31 (Reuters) - Nigeria's Starcomms has agreed a $210 million investment deal with investor group Capcom Limited for a 90.5 percent stake in the telecom business, the stock exchange said on Wednesday.
Under the deal, Capcom will merge the assets of privately-held telecom firms MTS and Multi-links with Starcomms, Nigeria's only listed telecoms company, and provide $98 million to finance their integration.
Nigeria's telecom regulator told Reuters this month that three of its CDMA mobile operators - Starcomms, Multi-links and MTS - were seeking approvals to merge. (Reporting by Chijioke Ohuocha; Editing by Tim Cocks)
- Search for Malaysian plane may extend to Indian Ocean - U.S |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- New York City gas explosion subject of federal probe |
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |