Mobitel enters frame agreement with Siemens
In February this year, MTC reached an agreement with Sudatel to purchase 61% of Mobitel. MTC subsidiary Celtel International already owned a 39% share of Mobitel.
Siemens Communications has announced it has signed a global frame agreement with Mobitel Sudan, part of MTC Group, to supply 2.5G radio wireless infrastructure in a deal worth Euro20 million (US$25 million).
The products are equipped with the latest GSM and EDGE features, which provide the consumer with high quality voice and high-speed data.
“This agreement reinforces our commitment to providing the most up to date telecommunication technologies to consumers across the region. Mobitel is a market leader, with a market share of nearly 70% and we are particularly proud of our long standing relationship with MTC,” commented Jan Cron, vice president, Siemens Communications Mobile Networks Middle East”
In February this year, MTC reached an agreement with Sudatel to purchase 61% of Mobitel. MTC subsidiary Celtel International already owned a 39% share of Mobitel. MTC thus owns 100% of the operator and as of end-2005, the operator counted 2 million subscribers, an increase of 79% over 2004. This translated into an 86% year-on-year revenue growth, with 2005 revenues totalling US$491.53 million.
Mobitel’s EBITDA increased by 102% from the previous year to reach US$334.36 million, a margin of 68%.