Etisalat, STC, Ooredoo, Zain and Mobily compete for TMT Deal of the Year Award

April 3, 2014 10:16 am

The final shortlist for the TMT Deal of the Year 2014 for Middle East and North Africa has been announced by TMT Finance, the global news and events business, featuring over 12 billion dollars (US) worth of transactions.

The six deals that made the 2014 shortlist are: UAE-based Etisalat’s complex market entry acquisition in Morocco; STC of Saudi Arabia’s strategic exit from Indonesia; two jumbo debt financings by Zain of Kuwait and Mobily of Saudi Arabia; a giant private equity investment into Bharti Airtel by Qatar Foundation Endowment and a record breaking dollar benchmark sukuk bond by Ooredoo of Qatar.

The investment banking advisers featured are Lazard, Crédit Agricole, BNP Paribas, Goldman Sachs, DBS Bank, Deutsche Bank, HSBC, Qinvest, QNB Capital, Al Rajhi Bank, Arab National Bank and Banque Saudi Fransi.

The shortlist provides an annual indicator of telecom investment appetite and deal-flow in the region and recognises the most active operators, investors and advisers.

The winners, along with eight other categories, will be presented at the eight annual TMT Finance & investment MENA Conference and Awards Dinner, at Mina’ A Salam, Madinat Jumierah in Dubai on May 7.

The shortlists for the other TMT Finance MENA Awards categories will be announced in April, including: Outstanding CEO, Operator of the Year, M&A Adviser, Growth Story, Financing Bank, Innovation Award and TMT Law Firm.

The full shortlist for TMT Deal of the Year Middle East North Africa 2014 is:

• Etisalat’s E4.2bn (US$5.78bn) binding offer for Maroc Telecom from Vivendi
BNP Paribas, Lazard, Crédit Agricole

• Mobily’s US$1.207bn ECA financing package
Crédit Agricole

• Ooredoo’s US$1.25bn sukuk bond offering
DBS Bank, Deutsche Bank, HSBC, Qinvest, QNB Capital

• Qatar Foundation Endowment’s US$1.3bn acquisition of a minority stake in Bharti Airtel
Goldman Sachs

• STC’s US$865m sale of Indonesian subsidiary Axis to XL Axiata

• Zain KSA’s US$2.3bn Murabaha Facility refinancing package
Credit Agricole, Al Rajhi Bank, Arab National Bank, Banque Saudi Fransi

TMT Finance Awards are nominated by readers of TMT Finance News, the leading global source of news for telecom financing activity, and selected by an expert independent Judging Panel featuring leading industry experts, advisers, and bankers.