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Wireless

Econet to push for Mascom listing if MTN sale goes through

Monday 25 March 2019 | 09:24 CET | News
Zimbabwe-based Econet Wireless Group says it will push for a listing of shares in Botswana's operator, Mascom Wireless, should it succeed in becoming the company's majority shareholder, Zimbabwe Mail reported.  Econet currently has an indirect 7 percent stake in Mascom via the holding company Mobile Botswana (MBL). Its partner in MBL is South Africa's MTN Group which recently agreed to sell its stake in MBL to Econet for USD 300 million, raising Econet's indirect interest in Mascom to 60 percent.

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