MTC Finishes buyout of Celtel, Nigeria

Mobile Telecommunications Group K.S.C (MTC) says it has become the holder of 100 percent of the outstanding shares of Celtel International B.V (Celtel) following the final payment of $467-million (N59.8-billion). This payment finalises a binding agreement entered into with the shareholders of Celtel in April 2005 to acquire the remaining 15 percent of the outstanding shares in Celtel within two years and brings the total purchase sum to $3.4-billion (N435.2-billion
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