| |
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 |
|
— |
|
— |
|
— |
|
— |
|
| |
