User:The MK/sandbox/Yemeni Omani United

Yemeni Omani United (الشركة العمانية اليمنية للاتصالات), trading as YOU (formerly MTN Yemen) is a mobile network operator in Yemen. It was established in September 2000 as a local and international joint-stock company and became the second GSM service provider in Yemen under the trade name Spacetel Yemen, which was part of Investcom LLC. In July 2006, MTN Group acquired Investcom LLC, resulting in the rebranding of Spacetel Yemen to MTN Yemen. In 2021, MTN Group announced its exit from the Yemeni market and transferred its majority shareholding to Emerald International Investment LLC, which rebranded MTN Yemen to Yemeni Omani United (YOU) in 2022.

As Spacetel Yemen
The company launched their local mobile service in February 2001, which is after the company was established by months. Before its establishment in September 2000, Spacetel Yemen paid $10 million for its 15-year 900MHz concession in July 2000, before acquiring additional frequencies in the 1800MHz band in February 2008.

Rebranding and ownership
Before its current rebranding, the company operated as MTN Yemen. After MTN Group acquired Investcom LLC for $5.5 billion in 2006, the company's name changed from Spacetel to MTN Yemen. MTN Group held a majority stake in the company from 2006 to 2021. In 2021, MTN Group exited the Yemeni market, transferring its 82.3% stake to Emerald International Investment LLC, a subsidiary of Zubair Investment Center LLC, which had previously held a minority stake in MTN Yemen.

MTN’s exit from Yemen was part of a broader strategy to withdraw from the Middle East, citing profitability concerns, since Yemen contributed only 0.3% to the group EBITDA. MTN aims to focus solely on providing services in Africa.