Well well i guess the pressure is now on .... personally i think celtel is doing a good job and i hope they keep it up.
cheers David Ziggy Lubowa On Wed, 26 May 2004 15:11:50 +0300, Mark Wycliff wrote > 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 --------------------------------------------- This service is hosted on the Infocom network http://www.infocom.co.ug
