Celtel International acquires controlling stake in Vmobile of Nigeria

Celtel International, a subsidiary of MTC Group of Kuwait and a leading mobile operator in Africa, has announced that it has concluded a transaction to acquire a controlling stake of 65% in Vmobile, one of Nigeria’s leading mobile telecom operators, for US$1.005 billion.

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Oluniyi D. Ajao
Oluniyi D. Ajao is an Internet Entrepreneur and Tech Enthusiast based in South Africa. Follow him on twitter @niyyie for more tech updates.

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