Etisalat increases Zantel stake to 51%

23 Oct 2007

Etisalat has acquired an additional 17% of Tanzania’s Zanzibar Telecom (Zantel) to raise its stake in the firm to 51%, the company said in a statement. No financial details were disclosed. Second national operator (SNO) Zantel began offering services solely on the island of Zanzibar in September 1999. Its fixed and mobile networks cover more than 90% of the main island of Unguja and about 70% of Pemba. TeleGeography’s GlobalComms database writes that in February 2005 it was awarded a fixed and mobile concession allowing it expand to mainland Tanzania, launching commercial wireless operations there in July. It has since received new licences under the Converged Licensing Framework. Zantel also operates an international gateway and has established a reputation as an international calls service hub.

Tanzania, Etisalat UAE, Zanzibar Telecommunication (Zantel)