According to this article (subscribers only) in the Economist:
- Celtel is still not profitable in East Africa (Kenya, Uganda and Tanzania)
- Even after earning about $700 million after selling the company this month, Celtel founder, Mohamed Ibrahim will still be in charge of African operations
- Ibrahim’s relations with in Kenya are not as good these days
- Meanwhile Celtel Kenya emploees are salivating over the $18m award to staff from the sale. They have calculated that, if awarded evenly, they will all receive at least 200,000 shillings.