TMCnet - World's Largest Communications and Technology Community



MTN Group eyes possible Asian acquisitions [TeleGeography CommsUpdate]
[May 13, 2014]

MTN Group eyes possible Asian acquisitions [TeleGeography CommsUpdate]

(TeleGeography CommsUpdate Via Acquire Media NewsEdge) Emerging market mobile operator MTN Group reportedly plans to kick-start moves to expand its geographical reach in Southeast Asia, having to date focused on developing its footprint in Africa and the Middle East. Bloomberg cites sources close to the company as saying that the move into Asia will focus on harnessing its experience of marketing low-cost mobile services to end users. MTN Group reported a total to 210.065 million customers in 22 countries across Africa and the Middle East by the start of April 2014. However, it is keen to expand its global footprint, and last year tried (unsuccessfully) to acquire a telecoms licence in Myanmar. Further, it has also been linked to a potential move for India's Reliance Communications, although talks over a tie-up broke down in July 2013. At the time MTN was said to be sceptical about the 'industrial logic behind a deal at a time when India is revising its telecoms mergers and acquisitions rules'. MTN was rumoured to be considering acquiring a 24% stake in Reliance, worth in the region of USD1.2 billion.

(c) 2014 PriMetrica, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy