MTN Congo Brazzaville
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Dec |
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2005 |
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Congo Brazzaville financial results |
Rm |
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Revenue* |
29 |
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EBITDA* |
13 |
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PAT* |
8 |
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Market information |
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Population (million) |
3 |
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Mobile penetration (%) |
18 |
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Mobile market share (%) |
39 |
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Number of mobile operators |
2 |
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Operational information |
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Prepaid/postpaid mix (%) |
99/1 |
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Note: Financial data reflects 100% of the operation
*December 2005
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COMPANY OVERVIEW
In December 2005, the MTN Group acquired 100% of the second-largest operator, Libertis, in Congo Brazzaville. Libertis has an estimated 39% market share with 210 000 subscribers.
Congo Brazzaville is adjacent to the Democratic Republic of Congo, and Cameroon, where MTN already has successful mobile operations. Current penetration is 18% or 540 000 subscribers in a market of three million people.
Although the operation is small, it will add incrementally to the Group’s bottom line. There is also the potential for regional synergies with nearby MTN operations.
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