The Service of the Commission for the Protection of Competition received on behalf of Rocket Internet GmbH and MTN (Dubai) Ltd notification of a proposed concentration according to Section 13 of the Control of Concentrations between Enterprises Laws of 1999 and 2000. The notification concerns the acquisition of some of the share capital of Middle East Internet Holding S.a.r.l. by MTN (Dubai) Ltd.
MTN (Dubai) Ltd is a company duly registered under the laws of Dubai and is a holding company for a Group of mobile companies operating in Africa and the Middle East. One of the companies is operating in Cyprus. MTN (Dubai) Ltd belongs to MTN Group of Companies, which provides telecommunications services in 22 countries of the Middle East and Africa.
Middle East Internet Holding S.a.r.l. is a company duly registered under the laws of Luxemburg. This is a holding company and its subsidiaries were established recently and will be active in networks markets in various countries of the Middle East. The share capital of the Middle East Internet Holding S.a.r.l. is owned by Rocket Internet GmbH.
Rocket Internet GmbH is a company duly registered under the laws of Germany and is active in the business start-up and early-growth financing of innovative internet businesses.