MTN pro-active in Zimbabwe plan

18 May 2009

A spokesperson for South African mobile group MTN has told Bloomberg that the company is actively seeking to enter Zimbabwe’s cellular market whether by establishing a new licensee or by buying an existing operator. Tim Lowry, MTN’s vice president for South and East Africa said that MTN has met with the Zimbabwean government and cellcos in the country. He declared: ‘We are not sitting back…There are two options. One is to acquire something and to recapitalise the business. Or the other is to start as a greenfield operation.’ The government has recently revealed its intention to sell the country’s second largest GSM provider NetOne, whilst Egypt’s Orascom has previously attempted to offload its local subsidiary Telecel Zimbabwe.

Zimbabwe, MTN Group