In your interest.
Online Personal Finance Magazine
No beating about the bush.
Beijing’s deep pockets are not helping it in the fierce tussle for Africa’s telecom market. If everything falls in place, India’s biggest—and privately owned—telecom player will take over a company that boasts 42 million subscribers and a market share greater than one-third in 12 of the 15 African countries covered by the deal. State-run China Unicom's consortium is bidding on a provider with a subscriber base in the very low hundred-thousands that has already been the subject of one botched privatisation attempt and reportedly is 17 months behind paying its staff wages.