MTN preparing for Nigerian IPO - CEO

Thursday 2 November 2017 | 08:31 CET | News
MTN Group says it is focused on laying the groundwork for an initial public offering (IPO) of its Nigerian business and should complete the process in the next six months, Bloomberg reported. CEO Rob Shuter said MTN has a lot of advisers running around getting everything ready. Shuter said the IPO is a complicated process and there is a lot of regulation that needs to be arranged. MTN agreed to the IPO as part of the settlement of a USD 1 billion fine imposed by Nigerian regulators on MTN in 2015.

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Categories: Mobile & Wireless
Companies: MTN
Countries: Nigeria
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