Tanzanian govt to let foreigners invest in telecom IPOs

Monday 26 June 2017 | 09:04 CET | News
The Tanzanian government will allow foreign investors to buy shares in telecommunications companies listing on the domestic stock exchange, after an initial public offering by the country's biggest mobile operator stalled, reports Bloomberg. Vodacom Tanzania began an IPO in March that was extended by three weeks to allow investors more time to participate. It has yet to announce the results of the TZS 476 billion offering, and postponed its listing date from May to June.

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Categories: Mobile & Wireless
Companies: Vodacom Tanzania
Countries: Tanzania, United Republic of
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