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Dubai's Tecom in talks with Dell, plans buyouts

Sun May 18, 2008 3:56am EDT

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SHARM EL-SHEIKH, Egypt (Reuters) - Tecom Investments, a telecom investor owned by the ruler of Dubai, is mulling a joint venture with Dell Inc. (DELL.O) and said it expects to make up to three acquisitions in the Middle East and Africa this year, including in a mobile phone firm.

At least one of the purchases is likely to be in the United Arab Emirates, of which Dubai is a member, Abdullatif al-Mulla, chief executive officer of Tecom Investments, said in an interview in Sharm el-Sheikh, ahead of a World Economic Forum conference.

Tecom has been in contact with Dell about a possible joint venture, Mulla said, declining to be more specific about Tecom's plans.

(Reporting by Will Rasmussen; Writing by James Cordahi; Editing by Amran Abocar)


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