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

Suggested Articles

RCN, Grande and Wave Broadband have added 22,000 customers into the fold with the conclusion of a deal to buy Houston-based EnTouch Systems.

Great Plains Communications, a Blair, Neb.-based independent telco, has completed its deal to buy Enhanced Telecommunications Corporation (ETC.)

On the heels of job cuts a several weeks ago, Salesforce CEO March Benioff said on Twitter that his company would add 12,000 jobs over the next year.