MTN
MTN
MTN - MTN Group Limited - Discussions regarding Orascom Telecom Holding S.A.E
("Orascom Telecom") and further cautionary announcement
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code: MTN)
(ISIN code ZAE000042164)
("the company")
DISCUSSIONS REGARDING ORASCOM TELECOM HOLDING S.A.E ("Orascom Telecom") AND
FURTHER CAUTIONARY ANNOUNCEMENT
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART IN, INTO OR
FROM AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Introduction
Further to the cautionary announcement released on the Securities Exchange News
Service ("SENS") on 23 April 2010, MTN shareholders are informed that MTN is in
discussions with Orascom Telecom`s parent company, Weather Investments S.p.A,
which may or may not lead to a transaction relating to the acquisition by MTN of
control of Orascom Telecom and/or certain of its businesses.
MTN shareholders are advised to continue to exercise caution in trading in their
MTN securities until such time as a further announcement is made.
Information on Orascom Telecom
Orascom Telecom is a leading international telecommunications company operating
GSM networks in high growth markets in the Middle East, Africa and Asia, having
a total population under license of approximately 510 million with an average
mobile telephony penetration of approximately 49% as of December 31st, 2009.
Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"),
Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("banglalink"), North Korea
("koryolink") and, through its indirect equity shareholding in Globalive
Wireless, Canada ("Wind Mobile"). In addition it has an indirect equity
ownership in Telecel Zimbabwe and, through its subsidiary Telecel Globe, Orascom
Telecom also operates in Burundi, the Central African Republic and Namibia.
Orascom Telecom had almost 93 million subscribers as of December 31st, 2009.
Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the
symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded
under the symbol (ORTEq.L, OTLD LI). For more information visit
www.orascomtelecom.com.
FAIRLAND
28 April 2010
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 28/04/2010 08:00:01 Produced by the JSE SENS Department.
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