AELEX Advises in $1.5bn Acquisition

July, 2006 - Lagos, Nigeria

In a landmark transaction valued at $1.5bn that closed recently, AELEX, led by partner Theophilus I. Emuwa, acted as advisers to Celtel International (a subsiduary of MTC) in its acquisition of control of Vee Networks Ltd, Nigeria's second largest GSM Company. This transaction involving several months of complex negotiations represents one of the biggest acquisitions in Nigerian history.

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