MTN completes Telecel deal

21 Jul 2005

The pan-African mobile group MTN has concluded its acquisition of Zambian wireless operator Telecel. MTN’s expansion into Zambia means it now has a footprint in nine countries, including South Africa, Uganda, Nigeria and Cameroon. Telecel Zambia currently has more than 150,000 subscribers, giving it a 21% share of the local market where it has a presence in seven of the country’s nine provinces. MTN says it plans to replace the Telecel brand with its own within three months and that it expects its new subsidiary to be the largest cellco in Zambia by the end of 2006. The market is currently dominated by Celtel.

Zambia, MTN Group