12 Jun 2009
French media conglomerate Vivendi is reportedly holding talks with Kuwait’s Zain Group regarding a possible takeover of Celtel International, the African arm of wireless Zain group, BusinessDay reports. On 9 June CommsUpdate reported that Zain had been approached by a then unnamed French company with a USD12 billion offer for its African operations. Celtel International comprises mobile operations in 13 countries across the continent, with over 38.6 million customers at the end of 2008. Zain has reportedly made its demands and is now waiting for a reply from Vivendi. If a deal is not settled, it will supposedly study rival bids from Chinese and Indian firms.