Word: regions
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Drawn by the potential for rapid growth in some of Asia's younger cell-phone markets, Telenor has been expanding in the region for more than a decade. The company now has 50 million subscribers in Asia, 17 times its number in Norway. The area now accounts for some 30% of Telenor's $17 billion in annual revenues, and will generate 36% in a couple of years, according to estimates by investment bank Dresdner Kleinwort. Asia, says Arild Nysaether, telecoms analyst at investment bank Fondsfinans in Oslo, is simply "the most important part of Telenor." And it's a point...
...liberalization of Europe's telecom markets in the late '90s that forced Telenor abroad, in search of growth to offset stiffening domestic competition. But squared up against the region's big boys - Telefónica, say, or Deutsche Telekom - Telenor was too small to make much headway in established European markets. It "never had the firepower to go for scale in Europe along the lines pursued by others," says Martin Mabbutt, telecoms analyst at financial services group Nomura in London...
...Opposition presidential candidate Morgan Tsvangirai has fled the country, while 10 opposition activists have been killed and hundreds more injured in post-election violence - and refugees continue to stream across the border into South Africa. Despite growing calls from around the region and the world for the immediate release of the election results, Mugabe appears unmoved. Last Friday he celebrated the 28th anniversary of Zimbabwean independence by aiming his wrath against Britain, the former colonial power, whose bidding he accuses the opposition of doing. "Down with thieves who want to steal our country," he thundered, in his first speech since...
...crisis. But Zimbabwe's neighbors are divided among themselves over how to respond, and all are wary of an anarchic breakdown that brings thousands more refugees streaming across the border. Although Mugabe has long traded on his credentials as an anti-imperialist liberation hero, younger leaders in the region are exasperated by Mugabe's behavior. On Friday, Botswana's foreign minister, Phandu Skelemani, broke ranks with his SADC peers to publicly criticize Mbeki's handling of the crisis and admit that leaders are more concerned about the situation than is reflected in their public statements...
...force him to go. South Africa's President Thabo Mbeki and other leaders have previously given Mugabe political cover by endorsing the results of previous elections that have looked questionable to international observers. "The one thing Mugabe has been able to do is rely on the support of the region," says Elizabeth Sidiropoulos, national director of the South African Institute for International Affairs. "So, the question is, at what point do Mugabe and the [Zimbabwean] security forces think that the tide has changed...