MTN`s acquisition of Zambian cellular operator Telecel Zambia has been finalised.
The acquisition of 100% of the company - one of three operators in the country, was first announced in June, along with the news of the purchase of 51% of an operator in Ivory Coast.
MTN issued a note to shareholders this morning to inform them that all the conditions precedent for the Zambian deal have now been fulfilled.
Telecel Zambia has an estimated market share of around 21% - or 360 000 subscribers - in a country that has 3% penetration.
The latest two acquisitions - the Ivory Coast deal was finalised in July - bring the number of MTN`s operations to eight.
The other operations are in SA, Nigeria, Cameroon, Swaziland, Rwanda and Uganda.
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