MTN
MTN
MTN Group Limited - MTN Irancell launched commercially on 21 October 2006
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
Share code: MTN
ISIN: ZAE000042164
("MTN")
MTN IRANCELL LAUNCHED COMMERCIALLY ON 21 OCTOBER 2006
Shareholders are advised that MTN Irancell launched commercial operations in
the Islamic Republic of Iran on Saturday, 21 October 2006 with coverage in
Tehran, Mashhad and Tabriz. Sari and Karaj are expected to be available within
the next two weeks.
MTN Irancell is currently connecting only post paid customers and has released
350 000 SIM cards into the market. It is expected that MTN Irancell will have
1 million subscribers by the end of December 2006.
Unlike current services, MTN Irancell subscribers will benefit from a service
that is available immediately upon purchase of a SIM card at a connection fee
of IRR 1,500,000 (approximately $160). MTN Irancell products are available at
over 200 stores in Tehran, Tabriz and Mashhad. This distribution network is
expected to increase to 7 000 national points of presence by December 2006, in
most of the major cities in Iran.
Fairland
23 October 2006
MTN Sponsor
Merrill Lynch
Date: 23/10/2006 11:48:04 AM Produced by the JSE SENS Department
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