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MTN - MTN Acquires 100% Of Libertis Telecom In The Republic Of Congo ("Congo

Release Date: 12/12/2005 12:49
Code(s): MTN
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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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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