M&A Deal Summary

Mobile Telecommunications Acquires Jordan Mobile Telephone Services JMTS

On December 1, 2002, Mobile Telecommunications acquired communications company Jordan Mobile Telephone Services JMTS

Acquisition Highlights
  • This is Mobile Telecommunications’ 1st transaction in the Communications sector.
  • This is Mobile Telecommunications’ 1st transaction in Jordan.

M&A Deal Summary
Date 2002-12-01
Target Jordan Mobile Telephone Services JMTS
Sector Communications
Buyer(s) Mobile Telecommunications
Deal Type Add-on Acquisition
Advisor(s) EFG Hermes Holding SAE (Financial)

Target

Jordan Mobile Telephone Services JMTS

Amman, Jordan
Founded in 1995, Zain in Jordan was the first operator to introduce mobile phone services into the country.

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Buyer(S) 1

Buyer

Mobile Telecommunications

Riyadh, Saudi Arabia
Category Company
Founded 1983
Sector Communications
Employees6,000
DESCRIPTION

Mobile Telecommunications Company based in Saudi Arabia is headquartered in Riyadh, the Kingdom of Saudi Arabia. It provides mobile telecommunication services in the Kingdom of Saudi Arabia.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Jordan) 1 of 1
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-29 Celtel International B.V.

Libreville, Gabon

Celtel International B.V. builds and operates world class communications networks that deliver reliable and competitive services in Africa.

Buy $2.8B
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