Well, it was started by Mohamed Ibrahim (Sudanese origin) but he sold it to MTC of Kuwait...
Anyway, it has been growing in leaps & bounds & recently attained control of V-Mobile (Nigeria) thus entering Africa's largest market.
Celtel is known is Kenya as the successor to the moribund KenCell. CelTel bought out Vivendi's 60% ownership in KenCell. Even more "celebrated" was the KES 2.0 Billion that Sameer Group (Naushad Merali's Holding Company) made on the flip. Merali used his pre-emptive Right to buy out Vivendi & flipped the 60% to Celtel. Celtel committed to investing additional funds into the Kenyan operations.
Following up on an earlier entry, Kenya needs to provide the base for a East African Internet Network by co-opting a major international player to develop Kenya's stranglehold on the region's need for speed.
How do we do that?
- ► 2012 (29)
- ► 2011 (44)
- ► 2008 (170)
- ► 2007 (79)
- Githongo implicated kibaki... Economic fallout exp...
- KQ to add Comoros as a destination
- Uganda to issue more UShs 5 coins!
- Central Bank of Kenya Website is down & out!
- KPLC announces 2005-6 Results
- Rants, Raves & Reviews! Sep 2006
- KenGen makes Kshs 3.8 Billion PAT 2005-6
- Links to access/download Olympia Capital Holdings ...
- Investing In Africa
- NSE dahlings are down... or are they?
- Celtel - The new Africa superbrand?
- Best Option for Kenya's Interconnectivity Dream
- Party Pooper....
- Sad sad story of Zimbabwe
- NSE party will end... when?
- Africa in Bloom
- Safaricom: IPO Mania... Coming soon to the NSE
- Mumias 2005-6 Results are, well, Sweet...
- EADB support Importers over Local Assemblers
- ▼ September (20)