About Celtel
Celtel is a company based in Amsterdam (Netherlands) founded in 1998 was acquired by Zain Group in March 2005.. Celtel has raised $229.5 million across 6 funding rounds from investors including ING, Zain Group and Standard Bank. Celtel operates in a competitive market with competitors including Jio, MTN, Airtel, Proximus Group and AT&T, among others.
- Headquarter Amsterdam, Netherlands
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$229.5 M (USD)
in 6 rounds
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Latest Funding Round
$80 M (USD), Debt – Conventional
Mar 17, 2005
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Investors
ING
& 13 more
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Employee Count
Employee Count
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Acquired by
Zain Group
(Mar 29, 2005)
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Funding Insights of Celtel
Celtel has successfully raised a total of $229.5M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $80 million completed in March 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $80.0M
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First Round
First Round
(01 Jun 1998)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2005 | Amount | Debt – Conventional - Celtel | Valuation |
investors |
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| Jan, 2004 | Amount | Series D - Celtel | Valuation |
investors |
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| Mar, 2003 | Amount | Debt – Conventional - Celtel | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Celtel
Celtel has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include ING, Zain Group and Standard Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Investments in sustainable development projects in developing countries.
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Founded Year | Domain | Location | |
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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Celtel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Celtel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Celtel Comparisons
Competitors of Celtel
Celtel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jio, MTN, Airtel, Proximus Group and AT&T, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Celtel
Frequently Asked Questions about Celtel
When was Celtel founded?
Celtel was founded in 1998.
Where is Celtel located?
Celtel is headquartered in Amsterdam, Netherlands.
Who is the current CEO of Celtel?
Marten Pieters is the current CEO of Celtel.
Is Celtel a funded company?
Celtel is a funded company, having raised a total of $229.5M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $117M, raised on Jun 01, 1998.
What does Celtel do?
Celtel was established in 1998 in Amsterdam, Netherlands, as a provider of mobile telecommunications services. Operations focus on telecom infrastructure and connectivity solutions within the telecommunications sector. Services include mobile network access and related support, primarily serving users in various international markets. The company is led by CEO Marten Pieters, with its online presence maintained through the domain celtel.com.
Who are the top competitors of Celtel?
Celtel's top competitors include MTN, Proximus Group and AT&T.
Who are Celtel's investors?
Celtel has 14 investors. Key investors include ING, Zain Group, Standard Bank, International Finance Corporation, and CVC.
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