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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.
A full-blown dollar crisis will lead to soaring commodity prices. That’s why George Soros is tanking up on gold.
Transparency International has said that bribes consume an estimated $20 billion to $40 billion a year worldwide. Here’s a list of the worst offenders.
Shadi Katyal
1 decade agoWhat a childish remarks about China vs India in telecommunications.
The writer should stop such boasts.
Look at China Industrial complexes and food production as well as infrastructure and buying of Gas and il resources in the world.
It is a pity that our inability to go beyond such narrow thinking has left us in the dust of china development