Vivendi close to buying Oger Telecom stake - CEO
Published November 16th, 2007
(TP) French media and telecommunications group Vivendi is close to reaching an agreement to buy a stake in Saudi operator Oger Telecom, writes Les Echos. Vivendi chairman and CEO Jean-Bernard Levy said that “negotiations were on the right path” and that he hoped to make an announcement “soon”. In September, Saudi Oger, Oger Telecom’s parent company, said that it was in talks with several groups, including Vivendi. Oger Telecom provides internet services in Saudi Arabia and is present in fixed and mobile telephony in Turkey, South Africa, Lebanon and Jordan. It is closely watching the privatisation of Algerie Telecom and Slovenia’s Slovenije Telekom, and has shnown an interest in Albania’s Albtelecom.
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