BlackBerry still in business in the UAE

The UAE’s Telecommunications Regulatory Authority (TRA) has refuted reports that it has ordered a ban on BlackBerry email services by private individuals and confirmed that the service would remain available.

"The Telecommunications Regulatory Authority confirms the continuation of all BlackBerry services in the UAE to both individuals and to business customers, including BlackBerry messenger, Blackberry email and Blackberry browsing," the TRA said in a statement.

"Any confusion to TRA regulations will be clarified by the TRA with the operators concerned this week."

The statement was issued after reports suggested that access to the BlackBerry Enterprise Server would to be restricted to companies with 20 or more BlackBerry users – forcing smaller firms to lose the services or purchase unused BlackBerry accounts.

VimpelCom announces completion of Wind Telecom acquisition

Russia’s VimpelCom says that it has completed the merger with Egypt’s Wind Telecom, which gives it 51.7 per cent of Orascom Telecom and the entire ownership of Wind Italy.

The combination of VimpelCom and Wind Telecom creates the world’s sixth largest mobile telecommunications provider by number of subscribers with operations in 20 countries. Total mobile subscriber base reached 181 million as of end-December, 2010.

VimpelCom’s corporate headquarters are in Amsterdam with centralised corporate functions, including corporate finance, tax, accounting & control, treasury, legal, regulatory affairs, human resources, public relations, investor relations, M&A, commercial operations and technological strategy/procurement function.

Khaled Bichara, former group CEO of Wind Telecom, has been appointed to the newly created position of president and chief operating officer, with responsibility for the company’s business units, as well as for the newly formed commercial and technology functions.

The US$1.495 billion cash consideration for the transaction was financed from existing cash balances and new debt facilities.

VimpelCom continues to utilise ring fenced financing structures at Wind Italy. Part of Orascom Telecom’s debt at the holding company level is being refinanced via an inter-company loan from VimpelCom. All of Orascom Telecom’s subsidiary debt remains in place.

Management plans to consolidate financial results of Wind Telecom effective April 15, 2011.

Speculation mounts over NSN future

The potential sale of a stake in Nokia Siemens Networks by its joint owners is reported to be progressing, with a possible majority stake sale to private equity groups.

According to a report in the Wall Street Journal, the parent companies are not actively seeking a buyer, but plans for a sale of a stake in the company have existed almost since the joint-venture was formed.

Nokia Siemens Networks has continuously lost money since its founding, weighing down both its parents. A spokesman said that both Nokia and Siemens are committed to the joint venture until 2013 – which is when the current agreement between the two companies expires.

Failure to sell a stake in the company before 2013 would put the future of the group in doubt when the current agreement expires as it is believed there would be temptation to split the company again.

Last July, it was reported that Silver Lake Partners, TPG, Blackstone, Bain Capital and KKR were in talks about taking a one-third stake in the company, which had at the time just agreed to the US$1.2 billion deal to acquire Motorola’s networking assets.

Zain confirms dividend at AGM

Zain today confirmed that 87.33 per cent of shareholders attended the ordinary annual general assembly yesterday, which was then followed by the extraordinary annual general assembly, which was attended by 75.82 per cent of shareholders. Amongst the decisions approved was the approval of the cash dividend of 200 per cent or its equivalent 200 fils (US$0.68) per share to shareholders registered in the records of the company as of April 12, 2011. The distribution will be effective on April 18, 2011 as follows.

Nokia opens Ovi store in Middle East through Etisalat

Nokia and Etisalat announced that through their ongoing collaboration, consumers across the Middle East will soon be able to purchase content from the Ovi store with billing directly to their mobile phone account. Etisalat subscribers will now have the choice to pay for any applications via their Etisalat account and the costs will be automatically accrued. The service will either be charged as part of the customer’s monthly bill for post paid accounts, or deducted from their prepaid airtime credit.Nokia-ovi web

The Ovi store is a one stop shop where consumers can download mobile games, applications, videos, images and personalised content to their Nokia devices and Nokia smartphones. Over 35,000 items are now available for download by consumers, with over four million downloads a day globally with steady growth also in the Middle East region. The content is a combination of free and paid for.

In addition to operator billing through Etisalat, consumers will continue to have the existing payment option via credit card. The operator billing will be available in the UAE, Saudi Arabia and Egypt during 2011 and the cooperation will be extended to other Etisalat operations in the Middle East and Africa region going forward.