Kuwaiti telco enters fast-growing African market with buy

Kuwait's Mobile Telecommunications said it is buying Celtel International, an Amsterdam-based telco that operates in Africa, for $3.4 billion in cash. The combined company will serve about 8 million subscribers in the Middle East and Africa.

Los Angeles Times | 3/29 Bookmark and Share

This story published in USTelecom dailyLead® on 03/29/2005





Get stories like these delivered daily for FREE:
USTelecom dailyLead®
Designed specifically for telecommunications executives like you, USTelecom dailyLead® is a FREE daily e-mail newsletter. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition. Learn more