I think its just one of those by-the-ways that we come across and share on the list...like the discussion about MTN kapyata tariffs...
kind regards Marko I run on IP A Network of People and Technology -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Ernest Byaruhanga Sent: Wednesday, May 26, 2004 1:11 PM To: [EMAIL PROTECTED] Subject: lug_: Re: CELTEL ACQUIRES VIVENDI'S STAKE IN KENCELL 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
