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Saudi Telecom buys 35% of Oger

  • Saudi Arabia: Monday, January 21 - 2008 at 08:52

Saudi Telecom, the largest Arab telecom firm by market value, has acquired a 35% of Oger Telecom for $2.6bn, reported Reuters. The deal will give the telecom giant access to markets from Turkey to South Africa. Dubai-based Oger was in talks to sell a stake to French telecom group Vivendi after scrapping a public share sale, but the talks ended without a deal in November.

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