SENS Note - 28 April 2010

MTN discussions regarding Orascom & cautionary

Further to the cautionary announcement released on SENS on 23 April 2010, MTN shareholders are informed that MTN is in discussions with Orascom Telecom's parent company, Weather Investments S.p.A, which may or may not lead to a transaction relating to the acquisition by MTN of control of Orascom Telecom and/or certain of its businesses. MTN shareholders are advised to continue to exercise caution in trading in their MTN securities until such time as a further announcement is made. Information on Orascom Telecom Orascom Telecom is a leading international telecommunications company operating GSM networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 510 million with an average mobile telephony penetration of approximately 49% as of December 31st, 2009. Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"), Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("banglalink"), North Korea ("koryolink") and, through its indirect equity shareholding in Globalive Wireless, Canada ("Wind Mobile"). In addition it has an indirect equity ownership in Telecel Zimbabwe and, through its subsidiary Telecel Globe, Orascom Telecom also operates in Burundi, the Central African Republic and Namibia. Orascom Telecom had almost 93 million subscribers as of December 31st, 2009.

Click here for original article