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Wireless

MTN Group seeks to raise USD 500 mln from IPO in Nigeria

Thursday 8 February 2018 | 09:16 CET | News
MTN Group plans to raise about USD 500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the Nigerian government to settle a record fine, Reuters reported, citing sources people familiar with the matter. The group reportedly discussed its planned listing in Lagos and its business plan at a board meeting on 07 February. The operator had planned to list its Nigerian unit in 2017, as part of an agreement with the Nigerian government, but delayed the move due to market conditions.

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Categories: Mobile & Wireless
Companies: MTN / NCC
Countries: Nigeria
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