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By Leila Abboud and Sophie Sassard
PARIS/LONDON (Reuters) - Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter.
Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said.
"If Etisalat cleans up its offer, then it wins," said one of the sources, who is close to the process. "If not, it will go to Qatar, who also made an offer that Vivendi can accept."
While the exact prices of the offers were not clear, sources earlier told Reuters that they had come in lower than the 5 billion euros ($6.5 billion) Vivendi had initially hoped for and closer to the market value of the stake.
Vivendi's 53 percent shareholding in Maroc Telecom is now worth 4.34 billion euros.
Maroc Telecom offers fixed-line, mobile and Internet services in the kingdom and is one of Africa's top telecom firms, with units in Burkina Faso, Gabon, Mali and Mauritania.
The buyer will inherit a firm that has been a reliable cash machine for Vivendi but has seen slower growth in recent years, analysts say, although there is growth potential in sub-Saharan Africa, where sales and profits rose last year.
Vivendi has been in talks in recent weeks with Etisalat to remove some of the legal clauses in its bid, the sources said. The UAE-backed group has scheduled an extraordinary shareholder meeting on May 28 to approve the financing package for the bid.
Ooredoo, meanwhile, crafted its offer with minimal conditions to make it simple and less risky for Vivendi, the group's strategy chief told Reuters earlier.
Vivendi has not asked Ooredoo to improve its offer so far, the first source said. Ooredoo is frustrated with the slowness of the process and what it sees as a lack of communication from Vivendi, said two other sources familiar with the situation.
Vivendi may choose a preferred bidder with whom to continue exclusive negotiations next week after the Etisalat vote, but it could also take longer, the first source said.
Spokesmen for Vivendi, Etisalat and Ooredoo declined to comment on Friday.
GROWTH SPRINGBOARD
Both bidders are eager to sign a deal with Vivendi before the Muslim holiday of Ramadan, which begins in early July.
For Vivendi, the sale of Maroc Telecom is crucial to its ambition to lessen exposure to capital-intensive telecoms and focus on its media activities in video games, pay TV and music.
Investors have been eagerly awaiting progress on the divestments, especially after Vivendi's attempted sales of its video games and Brazilian telecom units fell through.
Vivendi previously said the Maroc Telecom sale would not be finalized before the autumn and that it was working closely with the Moroccan state, which owns 30 percent of Maroc Telecom and will have to approve the buyer.
Both Etisalat and Ooredoo see Maroc Telecom as a way to expand their footprints in Africa, and both have expanded aggressively overseas in the past decade.
Etisalat, which is 60 percent owned by the UAE, relies more on its home market for revenue and sales than Ooredoo, however, with 60 percent of revenue and 71 percent of core profit earned domestically, according to HSBC research.
"We think it will be a very close-fought race," HSBC analysts wrote in a note. "We expect the victor, whoever it is, to use Maroc Telecom as a springboard to further acquisitions in the Africa region."
($1 = 0.7751 euros)
(Additional reporting by Christian Plumb in Paris and Dinesh Nair in Dubai; Editing by James Regan)
Source: http://news.yahoo.com/etisalat-makes-top-bid-vivendis-maroc-tel-sources-144537731.html
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PARIS (AP) ? In the moments immediately following her stunningly early exit from the 2012 French Open, as her eyes welled with tears and she bemoaned how she's "been through so much in my life," Serena Williams could not possibly find anything positive to take from the experience.
How could she?
For the first ? and, so far, only ? time in her career, Williams lost her opening match at a Grand Slam tournament. Not merely that, but a woman many considered the favorite to leave with the title lost to a woman ranked 111th and with 20 first-round losses in 46 previous major championships. And, surely adding to her disappointment, Williams lost after having been two points from victory against France's Virginie Razzano.
When the 31-year-old American returns to Court Philippe Chatrier to play Anna Tatishvili on Sunday ? the schedule for Day 1 of the 2013 French Open also features Williams' older sister, 30th-seeded Venus, and 17-time Grand Slam champion Roger Federer ? she will do so with a different understanding of what went wrong 12 months ago, and even a bit of appreciation for the disappointing result.
"Sometimes I think, 'Should I be happy that I lost last year?' You never know what can happen in your career and why things happen," said Williams, who is ranked and seeded No. 1 in singles and got a wild card Saturday to play doubles with her sister. "So it's been great for me just realizing that every match counts."
At that point she paused, perhaps hearing her own words and what they implied.
"I have always realized that," Williams continued, "but also realizing what I need to do to get better and to stay on top and to be, you know, the best tennis player that I can be."
Rare is the professional athlete, no matter the sport, who readily acknowledges taking victory for granted against a supposedly inferior opponent. That, though, is what it sounded like Williams was doing.
There are, to be sure, other explanations for what she has done on the court since that defeat: good health, which her mother, Oracene Price, calls the biggest single contributor to Williams' recent success; working with a new coach, Patrick Mouratoglou, who directed her training session Saturday on Court Suzanne Lenglen; and what Williams sums up as "really just staying relaxed and calm" during matches.
But it certainly can't hurt to take every match seriously, including against players such as Tatishvili, who is 2-10 this year, 0-2 at the French Open for her career and never been ranked better than 50th.
"You just have to always ... be ready to play," Williams said, "and expect anything."
So now she is back at the French Open, which she won in 2002, and is playing as well as, or perhaps even better than, ever. Williams is on a 24-match winning streak, part of a 36-2 record with a tour-leading five titles this season. Since that loss to Razzano, Williams is 67-3, including championships at Wimbledon and the U.S. Open that boosted her career haul to 15 Grand Slam titles.
With three more, Williams would match Hall of Fame members Martina Navratilova and Chris Evert at 18.
Evert thinks Williams will eventually surpass that total, and continue climbing up the list that Margaret Smith Court leads with 24 major championships, followed by Steffi Graf's 22, and Helen Wills Moody's 19.
"It's still a reachable goal for her to win 22 and match Steffi," Evert said. "If she plays another two, three, four years healthy, she can break all those records."
Evert, who will analyze French Open matches on TV for ESPN2, took her assessment of Williams a step further.
"With her serve and her athleticism, her power, her court mobility ? I just think when she's on, she's the greatest player we've ever seen. Ever," Evert said. "Now, whether her record is the greatest remains to be seen, because she hasn't retired yet. But I think she is really the greatest player, (and) I have seen Martina and Steffi at their best."
It's that serve that might very well be Williams' greatest advantage over her contemporaries.
She leads the tour this season in most significant serving categories: 227 aces, nearly 80 more than the next-highest count; 85.4 percent of service games won; 75.7 percent of first-serve points won; 68.4 percent of break points saved.
Williams still seems to bring out her most compelling tennis when across the net from the game's other top women: She is a combined 25-4 for her career against current No. 2 Maria Sharapova, the French Open's defending champion, and No. 3 Victoria Azarenka.
That includes a 6-1, 6-4 victory over Sharapova in Madrid, and a 6-1, 6-3 victory over Azarenka in Rome ? both in finals, both this month, and both on the same red clay used in Paris.
"She's been really consistent, playing on a high level. Because, you know, we all know the level she can play at," Azarenka said. "It wasn't maybe as consistent as it is now, so I think that's maybe the big difference."
Now the question becomes whether Williams can carry that over to Roland Garros, where the tough footing and shot-slowing surface give her far more trouble than the grass or hard courts used at other Grand Slam tournaments. While she's won Wimbledon and the Australian Open five times apiece, and the U.S. Open four times, Williams is stuck on one French Open title.
That's also her only appearance in the final. She hasn't even made it to the semifinals in France since the year after that, a decade ago.
"It's long overdue, her second French Open win," Evert said. "It's mind-boggling to me that she hasn't been in the final since 2002."
___
Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich
Source: http://news.yahoo.com/later-serena-williams-seeks-more-paris-160438143.html
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A look at the key known facts about the Wednesday attack in south London, when two men hacked another to death near military barracks.
Q: What happened?
A: Two men with butcher knives, a machete and a meat cleaver hacked another to death near military barracks in south London's neighborhood of Woolwich. Two U.K. government officials told the AP the attack seemed to have been ideologically motivated by radical Islam, adding that the assessment was not based solely on video footage of one suspect making political statements against the British government. They spoke on condition of anonymity because they were not authorized to speak about the ongoing investigation.
Q: Where is Woolwich?
A: Woolwich is about 10 miles (16 kilometers) southeast of Trafalgar Square. The attack happened a few blocks from the Royal Artillery Barracks.
Q: Was it terrorism?
A: Britain's prime minister said there are "strong indications" the attack was an act of terrorism, and other officials have indicated it was inspired by radical Islam.
Q: Who was the victim?
A: The French president, who appeared at a press conference with the British prime minister, said the victim was a soldier, but British authorities have not yet confirmed his identity.
Q: Who are the suspects?
A: It is not clear who the two suspects are. They were both wounded by armed police, and were transported to hospitals where they remain under armed guard as Britain's counterterrorism officials try to piece together the motive for the attack. Before police arrived at the scene, one of the suspects, hands bloodied, called on Britain to withdraw its troops from Afghanistan.
"We swear by almighty Allah we will never stop fighting you," the man, speaking with a British accent declared as he spoke to a cellphone camera. "We must fight them as they fight us."
Q: What about bystanders?
A: There were many bystanders at the time of the attack. The two suspects spoke to several of them. In footage taken by people on the street and obtained by ITV news and The Sun newspaper, one of the suspects apologized that women passers-by "have had to witness this" barbarity, saying that "in our land our women have to see the same."
A woman engaged one of the attackers. The Daily Telegraph identified the woman as Ingrid Loyau-Kennett, 48, and said she confronted the attackers, telling them: "It is only you versus many people. You are going to lose." Saying she wanted to stop the suspect from attacking anyone else, she asked him if he "did it" and what he wanted.
"He said: 'I killed him because he killed Muslims and I am fed up with people killing Muslims in Afghanistan. They have nothing to do there,'" she told the newspaper.
Q: What else did the video show?
A: Footage showed a man in a dark jacket and knit cap walking toward a camera, clutching a meat cleaver and a knife. He urged the government to "bring our troops back." British troops are deployed in Afghanistan and recently supported the French-led intervention in Mali.
Source: http://news.yahoo.com/q-known-london-attack-070431875.html
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In a medical first, doctors used plastic particles and a 3-D laser printer to create an airway splint to save the life of a baby boy who used to stop breathing nearly every day.
It's the latest advance from the booming field of regenerative medicine, making body parts in the lab.
In the case of Kaiba (KEYE'-buh) Gionfriddo, doctors didn't have a moment to spare. Because of a birth defect, the little Ohio boy's airway kept collapsing, causing his breathing to stop and often his heart, too. Doctors in Michigan had been researching artificial airway splints but had not implanted one in a patient yet.
In a single day, they "printed out" 100 tiny tubes, using computer-guided lasers to stack and fuse thin layers of plastic instead of paper and ink to form various shapes and sizes. The next day, with special permission from the Food and Drug Administration, they implanted one of these tubes in Kaiba, the first time this has been done.
Suddenly, a baby that doctors had said would probably not leave the hospital alive could breathe normally for the first time. He was 3 months old when the operation was done last year and is nearly 19 months old now. He is about to have his tracheotomy tube removed; it was placed when he was a couple months old and needed a breathing machine. And he has not had a single breathing crisis since coming home a year ago.
"He's a pretty healthy kid right now," said Dr. Glenn Green, a pediatric ear, nose and throat specialist at C.S. Mott Children's Hospital of the University of Michigan in Ann Arbor, where the operation was done. It's described in Thursday's New England Journal of Medicine.
Independent experts praised the work and the potential for 3-D printing to create more body parts to solve unmet medical needs.
"It's the wave of the future," said Dr. Robert Weatherly, a pediatric specialist at the University of Missouri in Kansas City. "I'm impressed by what they were able to accomplish."
So far, only a few adults have had trachea, or windpipe transplants, usually to replace ones destroyed by cancer. The windpipes came from dead donors or were lab-made, sometimes using stem cells. Last month, a 2-year-old girl born without a windpipe received one grown from her own stem cells onto a plastic scaffold at a hospital in Peoria, Ill.
Kaiba had a different problem ? an incompletely formed bronchus, one of the two airways that branch off the windpipe like pant legs to the lungs. About 2,000 babies are born with such defects each year in the United States and most outgrow them by age 2 or 3, as more tissue develops.
In severe cases, parents learn of the defect when the child suddenly stops breathing and dies. That almost happened when Kaiba was 6 weeks old at a restaurant with his parents, April and Bryan Gionfriddo, who live in Youngstown, in northeast Ohio.
"He turned blue and stopped breathing on us," and his father did CPR to revive him, April Gionfriddo said.
More episodes followed, and Kaiba had to go on a breathing machine when he was 2 months old. Doctors told the couple his condition was grave.
"Quite a few of them said he had a good chance of not leaving the hospital alive. It was pretty scary," his mother said. "We pretty much prayed every night, hoping that he would pull through."
Then a doctor at Akron Children's Hospital, Marc Nelson, suggested the experimental work in Michigan. Researchers there were testing airway splints made from biodegradable polyester that is sometimes used to repair bone and cartilage.
Kaiba had the operation on Feb. 9, 2012. The splint was placed around his defective bronchus, which was stitched to the splint to keep it from collapsing. The splint has a slit along its length so it can expand and grow as the child does ? something a permanent, artificial implant could not do.
The plastic is designed to degrade and gradually be absorbed by the body over three years, as healthy tissue forms to replace it, said the biomedical engineer who led the work, Scott Hollister.
Green and Scott Hollister have a patent pending on the device and Hollister has a financial interest in a company that makes scaffolds for implants.
Dr. John Bent, a pediatric specialist at New York's Albert Einstein College of Medicine, said only time will tell if this proves to be a permanent solution, but he praised the researchers for persevering to develop it.
"I can think of a handful of children I have seen in the last two decades who suffered greatly ... that likely would have benefited from this technology," Bent said.
___
Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP
Source: http://news.yahoo.com/doctors-save-ohio-boy-printing-125228957.html
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