Register | Forgot password?
Switch to Arabic
Saturday, November 14 - 2009

MTC Group shares global vision at ATIF 2005

Telecommunications Company Group (MTC) has announced its platinum sponsorship of the Arab Telecom and Internet Forum (ATIF), which takes place in Marrakech, Morocco from May 19-21.

Article continues below
 
Now in its seventh year, the forum brings together corporate leaders and industry experts from around the telecom world, and MTC sees the 2005 event as another opportunity to enhance its growing, international reputation.

Dr. Marwan Al Ahmadi, CEO for Strategic Affairs and IT at MTC, will discuss future initiatives of the group in a paper titled 'MTC moving into the global arena'. He will also highlight the achievements of the company as it pursues the 3x3x3 strategy to achieve global status conceived by group CEO Dr. Saad Al Barrak.

Dr. Ahmadi said: "MTC is today considered a leading mobile operator in the Middle East and Africa, but our goal is to compete with the main global players in the near future. In 2005, we hope to more than double our existing customer base and enter more new markets."

MTC recently announced acquiring 85 per cent of the subscribed shares of leading Sub-Saharan telecom company Celtel International B.V ('Celtel'), increasing its customer base to 9.5 million customers in 18 countries. MTC will secure the remaining 15 per cent of Celtel in the next two years.

Through its local-regional-global strategy - called 3x3x3 - MTC hopes to attract 20 million customers by 2011.
Also consider reading:
Log in to request more information from Zain (MTC)

Notes and media contacts

About MTC Group
Mobile Telecommunications Company (MTC) was founded in 1983 and today is one of the largest mobile operators in the Middle East and Africa, with more than 9.5 million customers in Kuwait, Bahrain, Jordan, Iraq, Lebanon, and 13 countries in Sub-Saharan Africa. MTC is listed on the Kuwait Stock Exchange. In September 2002, MTC entered into a Partner Network Agreement with Vodafone, the world's leading mobile community in Kuwait, creating MTC Vodafone Kuwait. In 2003, MTC continued its expansion with the acquisition of 96.4% of Fastlink in Jordan.

MTC-Vodafone Bahrain was launched in 2003 with the first 3G/EDGE nationwide network in the world. In 2004 the MTC Atheer service was launched in southern Iraq, and today it covers Baghdad as well. 2004 also saw the Government of Lebanon hand over the management of one of the two mobile networks (Mic2) to the MTC Group; the network is now known as mtc touch.

Most recently in March 2005, MTC acquired Celtel International, a Dutch communications network company with major interests in 13 Sub-Saharan African countries, in one of the biggest telecom deals in the Middle East and Africa; the deal was worth $US3.36 billion, and the MTC Group now operates in 18 countries. MTC group has now completed the first phase of its 3X3X3 strategy, which will see MTC become a global operator with more than 15 million customers by 2011. MTC will continue to expand internationally through acquisitions, partnerships and green-field opportunities.

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions