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Tags - Convisual to exit US
1772 days ago 0 comments Categories: News Tags: Convisual to exit US, focus on German ops
Germany-based mobile marketing and advertising services provider Convisual's executive board has decided to focus its available financial means on its German operations and trying to sell its US operations. Although revenues from the US operations have grown during the first half of this year, the board decided as part of a restructuring program to start looking for an investor and focus on the strong growing mobile marketing and mobile internet operations in Germany, which are more profi
1802 days ago 0 comments Categories: Tech News Tags: Essar Group looking to exit Africa telecom businesses
Essar Group looking to exit Africa telecom businesses From Dow Jones Newswires Wednesday 15 June 2011 Indian firm has pulled out of deal to buy assets in Uganda, Republic of Congo, sources say. The Essar Group is looking to exit its telecom businesses in Africa, India's Economic Times reported Wednesday.The group has pulled out of an agreement to acquire assets in Uganda and the Republic of Congo, and it is also looking to sell its operations in Kenya, the newspaper said, citing two p
1807 days ago 0 comments Categories: Tech News Tags: Essar Group to exit telecom business in Africa
Indian conglomerate Essar Group is exiting its telecommunication businesses in Africa, reports The Economic Times. The telecommunication service operations it acquired from Warid Telecom in Uganda and Congo are being returned and the group is looking for a buyer for its Kenya operations. The group had struck a deal for a majority stake in Warid Telecom's operations in Uganda and Congo in November 2009, with an enterprise value of USD 318 million. The deal fell through because required app
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