South Africa-based MTN Group has bought a 51% stake in Cote d’Ivoire’s Loteny Telecom, which operates under the brand name Telecel. The move has enabled MTN to expand its reach across the west African region; it already has operations in South Africa, Swaziland, Rwanda, Uganda, Cameroon and Nigeria. Telecel had 817,871 subscribers and a market share of around 46% at the end of March 2005. The value of the deal has not been disclosed.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors