Sudan

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.