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Celtel is a wholly owned subsidiary of MTC.

MTC Group acquired African mobile telecoms leader Celtel International B.V in April 2005 for US$3.36 billion, underscoring MTC’s ambition to become an international telecommunications services provider.

MTC was established in 1983 to offer mobile telephony services in Kuwait. Through the acquisition of licences and established operations, the MTC Group has built a portfolio of five cellular operations in the Middle East, giving it the broadest operational experience and the biggest footprint in the region. At the time of purchase of Celtel, MTC had operations in Kuwait (trading as MTC-Vodafone), Fastlink in Jordan, MTC-Vodafone Bahrain and management control and a significant equity stake in MTC Atheer in Iraq; and a four-year management contract with the Government of Lebanon for MTC Touch (formerly Libancell). These five operations are managed independently and report in to the corporate headquarters based in Kuwait.

In February 2006, Celtel acquired the remaining 61% of Mobitel in Sudan from Sudatel in deal valued $1.332 billion, thus taking ownership to 100% at which time management of Mobitel was transferred to MTC.

For more information on MTC, please visit the company main website www.mtctelecom.com