Portugal Telecom <PTC.LS> and Spanish firm Telefonica <TEF.MC> have both agreed to sell their 32.2 percent stakes in Moroccan telecoms firm Meditel to local investors in a deal likely to be closed by the end of the year
Reports suggest that online telephony firm Skype is set to be sold to private investors by its current owner eBay, with further details likely to be announced today. Sources indicated to the New York Times that co-founder of Netscape, Marc Andreessen is among the group of investors.
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Here are some of the stories reported in today’s press (some external websites may require subscriptions):
* State-owned China Development Bank has set up an investment arm with 35 billion yuan ($5.1 billion) in registered capital which will focus on private equity deals, the official Financial News reported on Tuesday.