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Wireless

Botswana's watchdog demands answers on Mascom deal

Wednesday 20 March 2019 | 15:14 CET | News
Botswana's Competition Authority (CA) has sought clarification on the "secret" sale of MTN's stake in Mascom. The regulator was apparently caught by surprise when MTN announced a USD 300 million deal to sell its stake in the mobile company, Mmegi reported. MTN has said it expects its planned transaction with Econet Wireless to complete in three months time, pending regulatory approvals. According to the daily, CA has written a letter to Mascom and to MTN demanding answers on the planned transaction. 

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Categories: Mobile & Wireless
Companies: Econet Wireless / Mascom / MTN
Countries: Botswana
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