Our original holding company, MSI Cellular Investments, changed its name to Celtel International in January 2004. Commercially, we have a strong record of investment and growth. Culturally, we operate to the highest standards of professional and corporate ethics.
Celtel has invested more than $750 million in Africa. Our goal is to build and operate world-class networks that will keep pace technologically with networks in Europe and North America."
SUDANESE MOHAMED IBRAHIM
Celtel, founded by Sudanese Mohamed Ibrahim has grown to become one of
Safaricom feeling the heat, has also just announced its plans to go regional. I have a feeling we’re about to see a lot of interesting things happening in the very near future. Can anyone say ka-ching-ching!
HOW BIG IS THE MOBILE MARKET?
Market estimate by dkfaktor. One look at the statistics is enough to tell you just how much money there is to be made in the African cellular market which is largely untapped:
- Global Mobile Users – 2 Billion
- African Mobile Users – 83 Million (4%)
- Expected 2006 Growth in Africa – 48 Million new subscribers (2006 Stats)
"AFRICA and the Middle East are the two big new markets being targeted by the world’s cellular operators. Both are largely untapped, so cellular operators are prepared to pay over the odds for a foothold. This was evident in MTN’s past decision to pay a staggering $5,5bn to buy pan-African and Middle East player Investcom, while Celtel bid $1bn bid for a majority stake in Nigeria’s V-Mobile – Business Day (SA). The race is definitely on." Writes dkfaktor in an informative blog.