SENS Note - 12 December 2005

MTN acquires 100% of Libertis Telecom

MTN announced the acquisition of a 100% stake in Libertis Telecom ("Libertis"), one of two cellular network operators in Congo Brazzaville for a consideration of USD102.5million. The country has a population of 3.5 million people with mobile penetration estimated at 13.9%. Libertis provides coverage in various towns to approximately 190 000 subscribers and has a market share of approximately 39%. The acquisition of Libertis is in line with MTN's strategy to consolidate its position as the leading provider of telecommunications in developing markets and further entrenches its footprint on the African continent.

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