China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Dubai's Tecom in talks with Dell, plans buyouts
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)
