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.

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.


Already registered?

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


MTN sells Amadeus, Travelstart investments for ZAR 1.2 billion

Published 28 May 2019 11:02 CET | World
MTN Group has agreed to sell all of its interests in investment fund Amadeus and its associated holding in Travelstart to ...

Celltick cooperates with Nigeria's Akede Media

Published 17 Sep 2013 14:00 CET | Nigeria
Mobile marketing developer Celltick has announced an m-commerce partnership with Akede Media, a mobile marketer and advertiser in ...

MTN Nigeria faces suit for breach of contract with customers

Published 18 Jul 2013 13:35 CET | Nigeria
MTN Nigeria is facing NGN 3 billion suit for breach of contract for its alleged inability to satisfy its subscribers, according ...

Africell plans to enter 2 more African countries in 2 years

Published 17 Jul 2013 12:24 CET | Africa
Africell is planning to expand into a minimum of two new countries during the next two years, CommsMEA reported. Africell ...

MTN joins Ubuntu Carrier Advisory Group

Published 17 Jul 2013 10:21 CET | World
MTN has joined the Ubuntu Carrier Advisory Group (CAG), enabling it to be a launch partner for Ubuntu Touch, MyBroadband ...

MTN Uganda supports start-ups

Published 15 Jul 2013 16:32 CET | Uganda
MTN Uganda has selected 15 business ideas and rewarded each with UGX 5 million as start-up capital at the Sawa Ya Cash business ...

MTN talks with Reliance Communications stall - report

Published 10 Jul 2013 10:42 CET | India
MTN Group and Reliance Communications have put talks to link up on hold, Bloomberg reported, citing three people close to such ...

MTN Group appoints former CEO Nhleko as chairman

Published 29 May 2013 11:00 CET | Africa
MTN Group has named former CEO Phuthuma Nhleko as its chairman, replacing Cyril Ramaphosa, who has stepped down. In a statement, ...

Nujira secures USD 12 mln in funding

Published 06 Sep 2012 13:48 CET | World
Envelope tracking specialist Nujira has raised a further USD 12 million in its funding round, securing the rollout of the ...

Cambridge Broadband Networks raises USD 7.0 mln

Published 27 Feb 2012 15:00 CET | World
Microwave backhaul vendor Cambridge Broadband Networks has secured an USD 7.0 million credit line from Silicon Valley Bank. The ...