MTN back on acquisition trail in Middle East

15 Feb 2007

South African-based mobile group MTN’s chief executive Phuthuma Nhleko said yesterday that his company is aiming to expand further in Africa and the Middle East, and is evaluating a possible bid for the third cellular licence in Saudi Arabia and for one of the two state-owned mobile operators up for sale in Lebanon this autumn. MTN has been concentrating on integration after buying Lebanon-based mobile group Investcom last year and launching a new network in Iran.

Lebanon, Saudi Arabia, MTN Group