China Mobile Communications, the world’s biggest mobile company, denied it was planning to buy MTN Group’s interests in Iran, Syria and Sudan for around $2 billion, Bloomberg reported yesterday.
MTN Group is Africa’s biggest mobile phone company. The denial followed a report to this effect in the South China Morning Post.
South African media group Naspers and telecommunication company MTN Group are among the best in the world, when it comes to creating value for shareholders. At least, that was the case in the five years from 2003 to December 2007.
According to research of the Boston Consulting Group (it studied 5,000 companies around the globe with a market capitalisation of more than €1 billion) no media/publishing company in the world created more value for its shareholders in the 5-year period to 31 December 2007 than Naspers. [Read on]