0
Wireless

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.

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.

Subscriptions

Already registered?



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


Related

Tanzanian journalists protest at TV station fines for allegedly seditious broadcasts

Published 15 Jan 2018 11:19 CET | Tanzania, United Republic of
The Committee to Protect Journalists has called on Tanzanian authorities to immediately annul fines levied against five ...

Tanzania rejects 6 telecoms firms' IPO applications

Published 06 Oct 2017 11:28 CET | Tanzania, United Republic of
Tanzania operators Tigo, Airtel, Halotel, Maxcom Africa, TTCL and Smart have applied to sell shares on the Dar es Salaam Stock ...

Tanzanian govt drafts social media rules including licensing bloggers

Published 02 Oct 2017 11:25 CET | Tanzania, United Republic of
The Tanzanian government has drafted regulations for online content producers and users on social media, reports Citizen. The ...

Vodacom Tanzania completes IPO, raises TZS 476 bln

Published 09 Aug 2017 15:47 CET | Tanzania, United Republic of
Vodacom Tanzania has completed its initial public offering of shares, raising TZS 476 billion (USD 213 million). The company said ...

Vodacom Tanzania extends IPO offer period

Published 20 Jul 2017 10:55 CET | Tanzania, United Republic of
Vodacom Tanzania has extended the offer period for its initial public offering for a second time to allow foreign investors to ...

Vodacom Tanzania share listing faces delay

Published 21 Jun 2017 09:48 CET | Tanzania, United Republic of
The listing of Vodacom Tanzania shares on the Dar es Salaam Stock Exchange had been due on 12 June but has been delayed, causing ...

Vodacom Tanzania IPO attracts over 40,000 retail investors

Published 06 Jun 2017 10:45 CET | Tanzania, United Republic of
Vodacom Tanzania's initial Public Offering (IPO) is on track to be the largest in the nineteen-year history of the Dar es Salaam ...

Vodacom Tanzania extends IPO deadline by 3 weeks

Published 19 Apr 2017 16:32 CET | Tanzania, United Republic of
Vodacom Tanzania has extended the deadline by three weeks for the sale of its shares to the public amid reports the initial ...

Vodacom Tanzania gets approval for IPO worth TZS 476 bln

Published 01 Mar 2017 09:07 CET | Tanzania, United Republic of
Vodacom Tanzania announced that it has secured regulatory approval for an IPO. MD Ian Ferrao said the Capital Markets & ...

Vodacom TZ submits application to list on stock exchange

Published 28 Nov 2016 09:05 CET | Tanzania, United Republic of
Vodacom Tanzania says it has issued a draft prospectus for its proposed Initial Public Offer and the listing of shares on the ...