South African Telecoms Giant MTN Seeks To List On Nigerian Bourse
Headlines Africa
Welcome
Login / Register

South African Telecoms Giant MTN Seeks To List On Nigerian Bourse

Thanks! Share it with your friends!

URL

You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.
URL


Added by Headlines Africa in South Africa
241 Views

Description

South African telecoms group MTN has met with Nigeria's Securities and Exchange Commission to discuss a possible initial public offering -- and how it wants to structure the share sale. MTN is the largest mobile phone operator in Nigeria, with 57 million subscribers. The country accounts for about a third of MTN's total revenue. MTN Group says it aims to list its Nigerian unit in 2017, subject to market conditions. This is part of an agreement with the Nigerian government in exchange for a reduced fine of $1.7 B for failing to block unregistered SIM cards on its network.

Post your comment

Comments

Be the first to comment