Vodafone 1999 Annual Report Download - page 13

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International Operations
operators in Uganda, following the launch of a
competitor in October 1998. The company
increased its customer base to nearly 16,000 in
the financial year.
In May 1998, the Misrfone consortium, in which the Group has a 30%
shareholding, received a network licence from the Egyptian
Government to operate the second GSM network in the country. The
network commenced service on 30 November 1998 and by the end of
the financial year had 97,000 customers.
The company’s trading performance has exceeded expectations and it
is expected to report a profit in the 1999/2000 financial year. AirTouch
also has a 30% interest in the Misrfone consortium.
Globalstar
In May 1998, the Group reduced its interest from 5.2% to 3.0% in
Globalstar, which is developing a worldwide digital telecommunications service based on a constellation of low earth orbit
satellites. Currently, twenty of the forty eight satellites required have been launched and full commercial service is planned
for the third quarter of 1999. AirTouch has a 5.2% interest in Globalstar.
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