2008 M&A expected in Middle East, Africa

There are 70 different carriers competing in 20 countries in sub-Saharan Africa and the Middle East, according to a presentation from one banking official at this week's TelecomFinance conference in London, and that situation contributes to the likelihood that 2008 will be a big year for carrier consolidation in those markets. Already this week, we've seen news that Saudi Telecom will buy a 35% stake in Oger Telecom, and it sounds like there are more deals to come.

For more:
- read this piece at MarketWatch

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