4 Senior MTN Officials on the Kenya Plane Down in Cameroon

Douala, Cameroon (PANA) - Four officials of the Cameroonian mobile phone company, Mobile Telephone Network (MTN) including the managing director, South African Utton Campbell, are among the 115 passengers of the Kenya Airways Boeing 737-800 that crashed in Cameroon, reliable sources told PANA here.
In addition to the managing director, there were also the administrative and financial director, the legal director as well as another staff member and MTN leader whose post was not yet disclosed.

It is even reported in MTN Cameroon that some of these leaders were travelling with members of their families on board the Kenya Airways aircraft.

MTN Cameroon, a telecommunication company, was set up on 15 February 2000 following the take-over of the Camtel Mobile phone operating licence by the South Africa group M-Cell which later became MTN international.

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MTN Largest UGanda TaxPayer

MTN Uganda made it into the top 500 biggest African companies this year in the latest rankings drawn up by the respected “The Africa Report” magazine. MTN entered the third edition of the rankings for the first time at 380 on the basis of its $137m turnover.

MTN was the only local company that made the list. “We are very happy to be listed. The company’s good results are testament to its excellent management methods and explains why we are Uganda’s highest taxpayer,” said MTN chairman, Charles Mbire.

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MTN Claims 40 Million Subscribers in 2006

HIGHLIGHTS OF RESULTS for the 12-month period ended 31 December 2006
Group subscribers up 73% to 40 million
Revenue up 49% to R52 billion*
EBITDA up 53% to R22 billion*
EBITDA margin of 43.4%, up from 42.4%* driven by operational efficiency improvements
PAT of R12 billion up from R7 billion for the previous nine-month period
Adjusted HEPS of 584.7 cents from 338.2 cents for the previous nine-month period
Acquisition of Investcom LLC concluded, effective July 2006


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New Uganda Telecom -Saudi based Hits

A NEW telecom company, the Saudi-based Hits Telecom, has started operating in Uganda alongside MTN, Uganda telecom and Celtel. Its local partner is Veritus Communications. “Clearly, there is need to increase the network capacity in Uganda to meet the existing as well as the future demand of subscribers,” explained Edwin Rodwell, the company’s chief executive.

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