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,


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