MTC confirms V-Mobile buy

18 Apr 2006

Kuwaiti telecom services provider MTC has confirmed that its African subsidiary Celtel has signed a conditional deal to buy 65% of Nigeria’s third largest cellco V-Mobile for just over USD1 billion. In a statement to the Kuwait Stock Exchange, MTC said the deal included an option for the future purchase of the outstanding equity of the company.

Nigeria,Zain Kuwait, Airtel Nigeria, Celtel International,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share