MTC Group

MTC is the pioneer of mobile telecommunications in the Middle East and now a major player on the African continent. The company began life in 1983 in Kuwait as the region’s first mobile operator, and since the initiation of our “3x3x3” profitable expansion strategy in 2003, we have expanded rapidly.

Today we are a leading mobile operator in 6 Middle Eastern and 14 sub-Saharan African countries with over12,700 employees, providing a comprehensive range of mobile voice and data services to over 29.6 million active individual and business customers (as of March 31, 2007).

The company operates in Kuwait and Bahrain as mtc-vodafone, in Jordan as Fastlink, in Iraq as mtc atheer, in Lebanon as mtc touch, in Sudan as Mobitel and in 14 sub-Saharan countries in Africa as Celtel: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.

In January 2007, MTC launched ACE-an implementation strategy to realize the target of the 3x3x3 vision. ACE seeks to extract superior value from existing assets through three main thrusts: Accelerating the growth in Africa; Consolidating the existing assets; and Expanding into adjacent markets.

MTC’s new goals by the year 2011 are to:

• serve a minimum 70 million customers,
• attain a US$ 6 Billion EBITDA
• become one of the top 10 mobile operators in the world by market capitalization

Listed on the Kuwait Stock Exchange, MTC’s market capitalization exceeded US$20 billion as of April 15, 2007. For the twelve months ended December 31, 2006, MTC recorded:

• consolidated revenues of USD 4.167 billion, an increase of 109% over the same period in 2005
• consolidated EBITDA of USD 2.045 billion, an increase of 78%
• consolidated net income of USD 1.051 billion, an increase of 65%.

It is important to MTC that its economic, social and cultural projects have a positive impact on the people of all the countries in which it operates.