Now I can see Uganda One completing the picture to form UTAKE one (UgandaTAnzaniaKEnya). Go Celtel. MTN seems to have lost this deal coz I heard about a year ago they were in discussions with Kencell.
W > is the LUG list now for advertising ??? > > (this post looks more of marketing to me). > > e. > > > ----- Original Message ----- > From: "Hari Kurup" <[EMAIL PROTECTED]> > To: <[EMAIL PROTECTED]> > Sent: Wednesday, May 26, 2004 9:26 AM > Subject: lug_: CELTEL ACQUIRES VIVENDI'S STAKE IN KENCELL > > >> CELTEL ACQUIRES VIVENDI'S STAKE IN KENCELL >> - A LEADING MOBILE OPERATOR IN KENYA >> >> Celtel is investing US$250 million to acquire the majority stake in > KenCell, >> formerly owned by Vivendi Telecom International, in one of Kenya's >> largest-ever corporate transactions. >> >> >> . Celtel International, the leading pan-African mobile communications >> group, is investing US$250 million in Kenya to acquire the majority >> stake > in >> KenCell Communications Ltd, the shareholder debt and to develop the >> business. >> >> . KenCell, with its Yes! brand is one of the two major mobile network >> operators in Kenya. Founding local partner, Sameer Group, continues to > hold >> 40% of the equity in KenCell. >> >> . The acquisition adds a further 1.2 million subscribers to Celtel's >> pan African network bringing the number of users to four million in 13 >> African countries. >> >> . Celtel is East Africa's only regional operator covering the three >> key countries: Kenya, Uganda and Tanzania. >> >> . Celtel is funding the acquisition with a combination of new equity >> from existing and new shareholders, funds raised from asset disposals >> and debt. >> >> Marten Pieters, Celtel International's Chief Executive Officer, >> commented: >> >> "This is a very important acquisition for Celtel. This re-affirms our >> position as the fastest growing mobile operator in the fastest growing >> market in the world. It also gives us both scale and scope in the >> East African region. >> >> "As the operator with the largest footprint in Africa, we bring a >> broad understanding of the trends and challenges of mobile telephony; >> the > perfect >> complement to KenCell's successful experience in Kenya. We are >> committed > to >> developing African networks, with over US$300 million planned for >> capital investment in existing operations this year." >> >> "Kenya is one of the more established mobile markets in Africa. It >> still has a significant potential for organic growth in the next few >> years to increase penetration levels to 10% from 7% today. We look >> forward to integrating the 1.2 million KenCell customers into Celtel." >> >> >> >> >> --------------------------------------------- >> This service is hosted on the Infocom network >> http://www.infocom.co.ug > > > > --------------------------------------------- > This service is hosted on the Infocom network > http://www.infocom.co.ug --------------------------------------------- This service is hosted on the Infocom network http://www.infocom.co.ug
