best telecom play for Africa

asia

grower

Will be purchased by a large player

From a recent Mad Money show:

"This is one of my absolute favorite cell companies. You let that one ride my friend. "

Cell phones in emerging markets? The sky is the limit...right?

According to Cramer, MICC has access to potentially 151 million subscribers in Africa, 59 million in South America, 26 million in Central America and another 40 million in Asia.

The company, he notes, does exceptionally well in the countries in which it operates by taking advantage of prepaid calling cards and billing by the second, as opposed to the minute, in order to make service more affordable to lower income individuals.

He noted that in 2006, MICC grew its subscribers by 8.4 million, up 56% from the previous year. In the fourth quarter, sales were up 41% and the company announced a special dividend, making it an "ultra-pro shareholder company."

Forecast was for MICC which was predicted to reach 120.00 on or before 6/1/2008

tremendous value in this wireless player that is well shielded against the recession in the US. emerging market telecommunications will rise despite faltering economy.

IBD 100, buy point

overseas telecom