Telecel outlines ambitions for Cell One

2 Feb 2009

Telecel Globe, a subsidiary of Egypt’s Orascom Telecom, has announced its objectives to develop the mobile network of its newly acquired Namibian subsidiary Cell One by ‘investing hundreds of millions of Namibian dollars, expanding network coverage to reach 90% to 95% of the population in one and a half years, and doubling retail presence over the next year.’ Telecel bought 2G/3G cellco Powercom (trading as Cell One) for around USD59 million earlier this month, from a consortium including Norway’s Telenor.