Crystal Telecom was established and incorporated in 2013, and following a share transfer of 20% of shares held in MTN Rwanda from Crystal Ventures to Crystal Telecom on 29th April 2015, Crystal Telecom currently owns a 20% equity stake in MTN Rwanda. The Company’s sole business is holding and managing this 20% stake in MTN Rwanda for the benefit of its shareholders. The remaining 80% of MTN Rwanda is held by MTN Group Limited – the largest African mobile telecommunications company with operations in 22 countries including Africa and the Middle East.

Crystal Telecom, a wholly owned subsidiary of Crystal Ventures, owns a 20% share of MTN Rwanda as its only investment. The Crystal Telecom IPO is typical of Crystal Venture’s investment strategy of monetising mature holdings with the intention of redeploying capital in support of early-stage enterprises that can make a significant contribution to the Rwandan economy. The Crystal Telecom IPO further reinforces our groups’ motto, Create Wealth, Enrich Lives.