MTC has eye on unnamed cellco

7 Dec 2005

Kuwait’s Mobile Telecommunications Company (MTC) says it is in talks to buy an unspecified Madagascan mobile operator. Kuwaiti newspaper Al-Qabas claims that the target cellco has around 250,000 subscribers, which would make market leader Madacom the most likely subject, but no details concerning the bid or the size of the stake were available. Madacom is 66%-owned by Hong Kong-based Distacom.

Madagascar, Airtel Madagascar, Zain Kuwait