PT, MTN bid for stake in MTC

6 Dec 2005

Portugal Telecom and South Africa-based operator MTN have entered a joint bid for a 34% stake in state-owned Namibian cellco Mobile Telecommunications (MTC), the country’s sole mobile operator. According to local press reports there are five parties bidding for the stake, and the sale is expected to be completed in the first half of 2006. The government also plans to sell a further 15% of the company to domestic investors. MTC claimed 410,000 subscribers at the end of September.

Namibia, Mobile Telecommunications (MTC), MTN Group