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MTN Group seeks USD 1.4 bln valuation in Ugandan IPO - report

Thursday 7 October 2021 | 10:03 CET | News
MTN Group is seeking a valuation of about USD 1.4 billion for its unit in Uganda, Bloomberg reported citing people with knowledge of the matter. It will be the nation's biggest initial public offering, the news agency said. MTN plans to sell 20 percent of the unit and raise about USD 280 million, one of the sources said, asking not to be identified before a public announcement.

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Categories: Mobile & Wireless
Companies: MTN
Countries: Uganda
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