Celtel founder stands down as chairman

Lord Simon Cairns to take over from Mo Ibrahim in role.

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By  Ronan Shields Published  September 6, 2007

Pan African operator Celtel International has appointed Lord Simon Cairns as company chairman following the resignation of Dr Mo Ibrahim from the position.

Ibrahim leaves Celtel International – a subsidiary of Kuwait’s MTC – having served as chairman of the board since 1998 when he founded the company.

During that time he steered Celtel International towards a subscriber base of 21 million. His tenure also saw the company’s integration into the MTC Group in 2005.

“I am confident that the integration of Celtel International into the MTC Group has been successful. MTC has contributed to the extraordinary growth of Celtel and has underscored this by investing more than US$10 billion into mobile communications on the continent to date,” Ibrahim said.

Dr Saad Al Barrak, CEO of the MTC Group, commented: “On behalf of everyone at MTC, we welcome Lord Cairns and we would like to thank Mo from the bottom of our hearts for his leadership, guidance and wisdom he has offered us over the past two and a half years as chairman of Celtel’s Board.”

Celtel International is present in 14 sub-Saharan countries including: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.

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