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Broadband

MTN Group mulls sale of Jumia stake

Friday 3 May 2019 | 10:03 CET | News
An MTN spokesman said they have a six-month lock-up period where they cannot sell MTN's shareholding. The spokesman added that post that period they will apply their minds on what to do with the investment. MTN is the biggest investor in Jumia, the best performing IPO in New York this year with its share price more than tripling since its 12 April debut. 

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Categories: Internet
Companies: Jumia / MTN
Countries: Africa
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