MTC’s investment in Celtel Nigeria to reach USD$2.5 billion, customer base to reach 12 million by end of 2007

His Excellency Chief Olusegun Obasanjo, President of the Federal Republic of Nigeria met with the Managing Director / Deputy Chairman of the MTC Group, Dr. Saad Al Barrak, in Abuja to discuss a wide range of issues regarding telecommunications in Nigeria. Dr Al Barrak underscored MTC’s commitment to Nigeria pledging to invest up to US$ 2.5 billion in Celtel Nigeria by end of 2007. His Excellency Chief Obasanjo emphasized the importance of telecommunications for the ongoing development of Nigeria.