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Wireless

BPOPF challenges Econet's acquisition of majority stake in Mascom

Monday 27 May 2019 | 11:22 CET | News
A shareholder battle is brewing at Botswana's operator, Mascom Wireless, reports The Patriot citing unnamed sources. In March, Econet Wireless of Zimbabwe struck a USD 300 million deal to acquire MTN's 53 percent stake, which would raise Econet's holding in Mascom to 60 percent stake. The Patriot says that Mascom's other shareholder, Botswana Public Officers' Pension Fund (BPOPF), is challenging the deal and is prepared to take the matter up with regulators. 

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