MTC completes final 15% purchase of Celtel

8 May 2007

MTC has announced it has completed the acquisition of Celtel International following the final payment of USD467 million. The payment finalises a binding agreement entered into with the shareholders of Celtel in April 2005 to acquire the remaining 15% of the outstanding shares in Celtel within two years.

Kuwait, Celtel International, Zain Group,

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