MTN - MTN Acquires 100% Of Libertis Telecom In The Republic Of Congo ("Congo
Brazzaville")
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06)
Share code: MTN
ISIN ZAE000042164
("MTN")
MTN ACQUIRES 100% OF LIBERTIS TELECOM IN THE REPUBLIC OF CONGO ("CONGO
BRAZZAVILLE")
MTN announced the acquisition of a 100% stake in Libertis Telecom ("Libertis"),
one of two cellular network operators in Congo Brazzaville for a consideration
of US$102.5million.
The country has a population of 3.5 million people with mobile penetration
estimated at 13.9%. Libertis provides coverage in various towns to approximately
190 000 subscribers and has a market share of approximately 39%.
The acquisition of Libertis is in line with MTN"s strategy to consolidate its
position as the leading provider of telecommunications in developing markets and
further entrenches its footprint on the African continent.
Fairland
12 December 2005
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 12/12/2005 12:49:50 PM Produced by the JSE SENS Department
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