The story
Airtel Tanzania was the result of partial privatization of TTCL on 23 February 2001. This was one of the first steps towards full liberalization of the market. In the aftermath, Celtel International, at that time MSI, which has its headquarters in Amsterdam, Netherlands, together with Detecon from Germany, obtained 35% shares from the Government of Tanzania. Thus, the consortium (Celtel International and Detecon) took over Board and Management control of TTCL and thus made it essentially an autonomous company. Celtel is currently owned by sub group originating from UAE.
License
Celtel Tanzania was licensed as the mobile operator in the country in November 2001. The license was the result of Tanzania Communications Commission (TCC) to decide and to change its zonal licenses into national licenses in 1998. The changes was because the numbers of subscribers in the country was very low (i.e. a total of 37,940 in 1998) and operators were concentrating on a few zones only (i.e. the coastal area near Dar es Salaam and Zanzibar).
Celtel Tanzania partnership
During the privatisation of Tanzania Telecommunications Company Limited (TTCL), Celtel International was in partnership with Detecon of Germany. The two companies invested an initial $60 million in TTCL in February 2001 for a 35% shareholding in TTCL. In the new partnership with TTCL, Celtel International agreed to be bound by independent "Expert Determination" in the aftermath of a poor financial performance of TTCL for the year 2000. Based on this "Expert Determination", Celtel International made an additional $4.96 million payment.
In early August 2005, Celtel Tanzania and TTCL were legally separated, allowing each to administer its own financial and business operations. In this new formally signed agreement between the Tanzanian Government and Celtel Tanzania, TTCL's shareholding structure remained unchanged, with the government of Tanzania holding 65% and Celtel International the remaining 35%. In the aftermath, Celtel Tanzania's structure was changed so as to follow the government’s decision to sell a 25% stake in the cellco to Celtel International for USD28 million.
Acquisition by Zain
In September 2007 Celtel's Parent Company MTC Group was acquired by Zain (Arabic for 'beautiful, good and wonderful') unifying its different brands in 22 Countries. This led to the rebranding of Celtel Tanzania to Zain Tanzania.
Acquisition by Bharti Airtel
On 8 June 2010, Bharti Airtel struck a deal to purchase of mobile operations in 15 African countries from Zain, a Kuwaiti operator including Zain Tanzania, but excluding Zain Sudan. The firm then changed its name to Airtel Tanzania.
From Wikipedia’s article on Airtel Tanzania, shared under CC BY-SA 4.0.4