MTN Cover page

 

 

Annexure 1

at 31 December 2007

Interests in subsidiary companies and joint ventures

            Effective
% interest
in issued
ordinary share
capital
  Book value of holding
company interest
  Shares   Indebtedness
Subsidiaries and joint ventures                                
in which MTN Group Limited       Place of   Dec   Dec   Dec   Dec   Dec   Dec
has a direct and indirect       incorporation   2007   2006   2007   2006   2007   2006
interest   Principal activity       %   %   Rm   Rm   Rm   Rm

Mobile Telephone Networks   Investment holding                            
Holdings (Proprietary) Limited   company   South Africa   100   100   22 173   22 173   1 520   1 520
Mobile Telephone Networks                                
(Proprietary) Limited   Network operator   South Africa   100   100        
MTN Service Provider                                
(Proprietary) Limited   Service provider   South Africa   100   100        
Guardrisk International Limited                                
PCC   Insurance company   Mauritius   100   100        
MTN International (Proprietary)   Investment holding                            
Limited   company   South Africa   100   100        
MTN International (Mauritius)   Investment holding                            
Limited   company   Mauritius   100   100        
Mobile Telephone Networks                                
Cameroon Limited   Network operator   Cameroon   70   70        
MTN Nigeria Communications                                
Limited   Network operator   Nigeria   84,57   84,57        
Mobile Telephone Networks                                
Insurance (Proprietary) Limited   Insurance company   South Africa   100   100        
M-Tel Insurance (Proprietary)                                
Limited   Insurance company   South Africa   100   100        
MTN Network Solutions   Internet service                            
(Proprietary) Limited   provider   South Africa   100   100        
MTN Group Management                                
Services (Proprietary) Limited   Management services   South Africa   100   100   *   *    
MTN Rwandacell S.A.R.L **   Network operator   Rwanda   55   40        
MTN Uganda Limited   Network operator   Uganda   95,4   97,34        
Cell Place (Proprietary) Limited   Cellular dealership   South Africa   51   51        
Nigerian Electronic Funds                                
Transfer Operation   Virtual airtime   Nigeria   50   50        

Subsidiaries and joint ventures                                
in which MTN Group Limited       Place of   Dec   Dec   Dec   Dec   Dec   Dec
has a direct and indirect       incorporation   2007   2006   2007   2006   2007   2006
interest   Principal activity       %   %   Rm   Rm   Rm   Rm

MTN Côte d’Ivoire   Network operator   Ivory Coast   59,67   68,34        
      Republic of                        
MTN Congo SA   Network operator   the Congo   100   100        
Mascom Wireless Botswana                                
Limited**   Network operator   Botswana   53   50        
    Investment holding                            
Mobile Botswana Limited   company   Mauritius   100   100        
    Investment holding                            
Econet Wireless Citizens Limited   company   Botswana   82,8   75,2        
    Investment holding                            
Deci (Proprietary) Limited**   company   Botswana   33   33        
MTN Zambia Limited   Network operator   Zambia   100   100        
MTN Publicom Limited   Payphone services   Uganda   100   100        
Swazi MTN Limited**   Network operator   Swaziland   30   30        
MTN Mobile Money Holdings   Wireless banking                            
(Proprietary) Limited**   services   South Africa   50   50        
Irancell Telecommunication                                
Company Services**   Network operator   Iran   49   49        
    Investment holding                            
Investcom LLC   company   Lebanon   100   100        
    Fixed line and data                            
VGC   services   Nigeria   100   100        
      British Virgin                        
Easy Dial International Limited   Holding company   Islands   99   99        
Investcom Mobile       British Virgin                        
Communication Limited   Holding company   Islands   100   100        
Investcom Consortium       British Virgin                        
Holding SA   Holding company   Islands   99   99        
      British Virgin                        
Satcorp Communications   Holding company   Islands   100   100        
** Joint ventures.                                

Subsidiaries and joint ventures                                
in which MTN Group Limited       Place of   Dec   Dec   Dec   Dec   Dec   Dec
has a direct and indirect       incorporation   2007   2006   2007   2006   2007   2006
interest   Principal activity       %   %   Rm   Rm   Rm   Rm

        British Virgin                        
Investcom Mobile Benin   Holding company   Islands   99   99        
Investcom Telecommunications       British Virgin                        
Guinea Limited   Holding company   Islands   99   99        
Investcom Telecommunications       British Virgin                        
Afghanistan Limited   Holding company   Islands   100   100        
SAM Mediterranean Network   Telecommunications   Monaco   99,84   99,84        
Mediterranean Network                                
Multimedia SAM   Telecommunications   Monaco   99,99   99,99        
Spacetel UK Limited   Telecommunications   UK   100   100        
Investcom Telecommunication       British Virgin                        
Yemen   Telecommunications   Islands   100   100        
        British Virgin                        
Prime Call Limited   Telecommunications   Islands   100   100        
Areeba Limited   Telecommunications   Cyprus   100   100        
        British Virgin                        
Spacetel Africa Limited   Telecommunications   Islands   100   100        
Scancom Limited   Telecommunications   Ghana   97,65   97,65        
MTN Syria SA   Telecommunications   Syria   75   75        
Spacetel Benin SA   Telecommunications   Benin   75   75        
Lonestar Communications                                
Corporation LLC   Telecommunications   Liberia   60   60        
MTN Sudan Company Limited   Telecommunications   Sudan   85   85        
Spacetel Guinea Bissau SA   Telecommunications   Guinea Bissau   100   100        
Areeba Guinea SA   Telecommunications   Guinea   75   75        
Areeba Afghanistan   Telecommunications   Afghanistan   100   100        

Subsidiaries and joint ventures                                
in which MTN Group Limited       Place of   Dec   Dec   Dec   Dec   Dec   Dec
has a direct and indirect       incorporation   2007   2006   2007   2006   2007   2006
interest   Principal activity       %   %   Rm   Rm   Rm   Rm

    Managing and holding   British Virgin                        
Investcom Global Limited   company   Islands   99   99        
    British Virgin                        
Interserve Overseas Limited   International business   Islands   99   99        
Uniglobe SA   Management company   France   99,8   99,8        
    Services and                            
    transportation of                            
Servico SAL   goods   Lebanon   99,97   99,97        
    Maintenance and                            
Inteltec O shore SAL   engineering services   Lebanon   99,8   99,8        
    Maintenance and                            
Inteltec Maroc SA   engineering services   Monaco   99,83   99,83        
    Maintenance and                            
Inteltec SAL   engineering services   Lebanon   99,99   99,99        
    Managing and holding                            
Investcom Services SAL   company   Lebanon     97        
    British Virgin                        
Investcom International Limited   Dormant company   Islands   99   99        
Spacetel International Limited   Dormant company   UK   100   100        
Vernis Associates SA   Holding company   Panama   100   100        
Galactic Engineering Projects SA   Holding company   Panama   78   78        
    British Virgin                        
Starcom Global Limited   Holding company   Islands   89   89