Thursday, March 23, 2006

South Africa's MTN to Launch Cellphone Network in Iran

An AFP newswire article, via Yahoo! News, reports that:

South Africa's MTN, the continent's largest cellphone firm, said it would launch a second network in Iran in August, reaching 31 million subscribers by 2015.

MTN holds 49 percent of IranCell with a total investment of 450 million euros (543 million dollars).

Only 11 percent of Iran's 69 million people have cellphones, MTN said, adding that it was hoping to expand that reach to 40 percent of Iranians -- or 31 million customers -- by 2015.

More here.

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