MTN acquires Arobase Telecom and Afnet

2 Oct 2008

The MTN Group, through its Cote d’Ivoire subsidiary, has acquired total ownership of Arobase Telecom and Afnet for undisclosed amounts. Arobase Telecom is the second land line operator in Cote d’Ivoire and offers data services using fibre optic, wireless local loop and CDMA technologies. Internet service provider Afnet offers wireless broadband technology and data services to corporate and domestic customers.

MTN Group President and CEO, Phuthuma Nhleko said, ‘These acquisitions reflect the progress we are making towards consolidating our business. We believe both Afnet and Arobase will add value to MTN and support our strategy to ensure that the Group is well positioned to benefit from a rapidly converging technology market.’

Côte d'Ivoire, MTN Group