MTN ups Rwandan presence

8 Sep 2003

South African telecoms group MTN is to acquire a further 9% stake in MTN RwandaCell, taking its holding in the Rwandan mobile operator to 40%. RwandaCell currently has around 114,000 subscribers in 14 major urban areas. MTN will purchase its stake via the privatisation of fixed line operator RwandaTel, with the deal expected to be finalised by the end of the month.