`

Feedback

Reader's Poll

Which of the following technologies/concepts are likely to witness significant traction this year?
 
Any data to show

Teledata

Tele Data

Mobile Subscribers Yearwise comparision

MTC has announced plans to enter the African market, paying $3.3 billion for Celtel

April 15, 2005
E-mail Print PDF

Huwaiti mobile phone operator MTC has announced plans to enter the African market, paying $3.3 billion for Celtel. It is considering a flotation in London. Celtel has 5.2 million customers in 13 countries in sub-Saharan Africa including Chad, Niger, Sierra Leone and Tanzania. The company, which made a pre-tax profit of $186 million last year on revenues of $714 million, is owned by Anglo-Sudanese businessman Mohamed Ibrahim, the Africa Infrastructure Fund and a number of US venture capital firms.

The deal will more than double the size of MTC, which has over 3 million customers.

 
 
  • Most Viewed
  • Most Rated
  • Most Shared
  • Related Articles
 Your cart is empty

Monday morning

Monday morning