Increase of the shareholding to 65% in West Africa
This is a transaction for the increase of the shareholding of the Corporation in a telecom holding company in West Africa that holds seven licenses across West Africa from 50% to 65%. i.e. attaining a controlling majority, management right and injecting capital.
Increase of the shareholding in West Africa to 82%.
This is a transaction for the increase of the shareholding of the Corporation in a telecom holding company in West Africa that holds seven licenses across West Africa from 65% to 82%.
A 21 billion Dollar Project to acquire the controlling stake in a large regional Telecom operator in Africa.
A large project for the acquisition of 51% of the said large operator, it involved assessment and evaluation of the assets of both entities with the aim of determining the value of the African operator and having those assets of the entity as part of the consideration in addition to a considerable monetary amount. This assessment consisted of due diligence exercises on the assets of both entities across Asia and Africa, licenses and the Listing Rules Thereof. The Transaction was abandoned due to stock exchange rules of Compulsory Public Offer and other national policies on the part of the African operator.
Capitalization of the stake and increase of the shareholding to 85% In an operator in Sudan.
The Corporation obtained a license and established with others a fixed mobile telecommunications company in Sudan. The Corporation over the years provided shareholder loans which the company could not repay. Capitalization of such loans took place and the share of the Corporation of the company was raised to 85% of the capital of the company after following the internal proper process and the requirements of the local company law.
Negotiations for the acquisition of a major shareholding in an incumbent operator in Tunisia.
This was a transaction aiming to acquire a major shareholding in the incumbent operator which is a semi government entity including legal, financial and tax due diligence in addition to the testing of the business case. The transaction was abandoned.
Participation in and winning the bid of the Fourth Telecom Operator and holding 49% in a stake of the said operator in Asia.
The Corporation lead and participated in a consortium for a tender for a Mobile License Fourth Generation and the management and operation of the license. The consortium won the tender as the best offer; however, it was faced by multiple hindrances, political and others which lead to the walking away and disqualification of the consortium.
The acquisition of a GSM License and Management of a Telecom Operator in Saudi Arabia.The Corporation and its consortium won the tender for the second mobile operator in Saudi Arabia, this involved incorporation of the new entity, he planning, floating of RFP’s, negotiating network roll out contracts, drafting and negotiating the Shareholders and management Agreements, secondment agreements for employees etc.
The acquisition ofFinancial Investment stake in Indonesia of US$ 500. A financial investment in one of the largest operators Indonesia, involving Legal, financial and Tax due diligence, research of stock exchange rules and legal and commercial negotiation of the agreement. The transaction was completed successfully.
Acquisition of blocking shareholding and Management of the operations in the incumbent operator.
This is a transaction where the Corporation successfully acquired a blocking minority in the incumbent operator in Pakistan as a strategic partner, where, as part of the privatization process the Government of Pakistan decided to bring on board an operator with international experience to enhance and develop operations. The transaction involved the usual due diligence exercises, drafting of Sale and Purchase Agreement, Management Agreement and Shareholders Agreement.
Negotiations for the acquisition of a blocking minority stake in Bangladesh.
A proposed financial transaction as part of qualifying to being a Strategic Partner in a proposed Asian conglomerate with the name of Region Co. This involved legal, financial and Tax Due diligence. The transaction was abandoned as a result of the due diligence.
The acquisition of a major shareholding of a Telecom Company in India of US$ 870,000.
In 2008 The Indian government lodged a tender for GSM Telecom Licenses in the majority of circuits in India, including Delhi and Mumbai. The regular, Legal, Financial and Tax due diligence was conducted in addition to business intelligence. A different approach was taken this time where the investment took the form of Capital increase and the consideration was injected into the company itself and the consideration will only be due on acquisition of spectrum. The transaction received the award of best structured transaction of the year.