JOHANNESBURG: The global financial crisis could trigger a round of deal-making in Africa's telecoms industry as the biggest mobile operators pounce on smaller players struggling to raise funds to expand their networks. Analysts say the price of mobile assets on the continent has dropped amid market turmoil, despite resilient subscriber growth. At the same time, smaller operators may struggle to finance network expansion due to tight credit conditions. That's good news for big, relatively cash-flush operators like South Africa's MTN, Egypt's Orascom Telecom, Kuwait's Zain and Vodafone's...
photo: AP / Amr Nabil
