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MTN invests USD 75 mln in tech fund for developing nations

Tuesday 16 July 2013 | 10:52 CET | News
MTN Group is investing USD 75 million in a UK-based fund run by Amadeus Capital Partners. The fund will invest in late-stage venture and growth companies, predominantly in mature markets, developing online and mobile applications and services targeted at the rapidly expanding middle classes in Africa, the Middle East, Asia and Latin America. Amadeus and MTN have worked together to refine an investment thesis focused on technologies that leap-frog desktop applications and services to those designed specifically for 'mobile first' and the technologies and platforms that underpin such services.

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Categories: Internet / Mobile & Wireless
Companies: Cambridge Broadband Networks / Celltick / Edgeware / MTN
Countries: World
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