0
Wireless

MTN Group mulls USD 500 mln Ghana share sale - report

Thursday 29 September 2016 | 09:31 CET | News
MTN Group is considering selling about USD 500 million in shares of its Ghanaian business, reports Bloomberg, citing people familiar with the matter. The company is approaching high net worth individuals in the country about a private placement of a 35 percent stake in the unit in Ghana, valuing it at about USD 1.5 billion, the people said, asking not to be identified because the deliberations are private. No final decisions have been made, they said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: MTN / MTN Ghana
Countries: Ghana
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTN Ghana prepares for IPO in 2017

Published 14 Mar 2017 16:48 CET | Ghana
MTN Ghana aims to complete preparations to list its shares on the Ghana Stock Exchange (GSE) in 2017. The operator is hoping to ...

Airtel Ghana has no plans to list on domestic stock exchange

Published 06 Dec 2016 11:34 CET | Ghana
Airtel Ghana has ruled out any plans to list on the Ghana Stock Exchange in the medium to long term, reports CitiFMonline. ...

MTN Group has 100,000 base stations on stream in Africa

Published 16 Nov 2016 09:17 CET | Africa
MTN Group says it has deployed more than 100,000 base stations across Africa for the benefit of over 200 million customers, ...

MTN Nigeria grows customer base, revenues still lower

Published 24 Oct 2016 14:38 CET | Nigeria
MTN Nigeria reported a 2.5 percent sequential increase in its subscriber base to 60.5 million at the end of September. In its ...

MTN Nigeria has yet formally to apply for bourse listing

Published 20 Oct 2016 09:07 CET | Nigeria
The Nigerian Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) are still waiting for a formal ...

MTN Nigeria denies claims of improper repatriation of funds

Published 28 Sep 2016 09:12 CET | Nigeria
MTN Nigeria has strongly denied allegations of improper repatriation of money out of Nigeria by the company. The Nigerian Senate ...

MTN Nigeria dismisses bribery reports

Published 26 Sep 2016 09:14 CET | Nigeria
MTN Nigeria has dismissed an online report alleging that a top official in the Presidency took a payment 'from operators of MTN' ...

MTN South Africa eyes MVNO market

Published 26 Sep 2016 08:43 CET | South Africa
MTN South Africa is reportedly eyeing partnerships with mobile virtual network operators (MVNOs) in the country, an area Cell C ...

MTN decommissions mobile money service

Published 15 Sep 2016 18:57 CET | South Africa
MTN South Africa said it has decided to decommission its Mobile Money due to a lack of commercial viability but promised to ...

MTN Mobile Money subscribers get GHC 13 mln in interest

Published 13 Sep 2016 10:56 CET | Ghana
MTN Ghana says its paying out some GHC 13.04 million in interest to over 6.2 million Mobile Money customers for the first six ...

MTN makes USD 70 mln from music distribution in Africa in H1

Published 18 Aug 2016 10:37 CET | Africa
MTN Group says it made USD 70 million from distributing digital music in Africa from January to June, as part of its ...

MTN Ghana launches MTN Fibre Broadband service

Published 18 Aug 2016 09:55 CET | Ghana
MTN Ghana has launched the MTN Fibre Broadband service. The high-speed network is designed to provide fixed internet connectivity ...

MTN Ghana may add electricity firm to Mobile Money platform

Published 09 Aug 2016 09:33 CET | Ghana
MTN Ghana is holding talks with the Electricity Company of Ghana (ECG) to enrol the electricity prepaid service on the MTN ...