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SENS Note - 26 June 2009
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| MTN to combine international carrier services
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Shareholders are advised that MTN announced the extension of its relationship with Belgacom International Carrier Services ("BICS") by combining MTN ICS, its international carrier services business with the business of BICS. Pursuant to the combination of the two businesses, MTN will hold an equity interest of 20% in the enlarged BICS and appoint two directors to the board. The combination is expected to improve the quality of the international traffic carrier service offerings of MTN operations whilst realising meaningful cost benefits. The transaction is subject to certain conditions precedent including, to the extent required, the approval of the relevant regulatory authorities.
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