MTN to sell shares in Nigeria business through public offer

MTN Group, the largest mobile operator in Africa, plans to proceed with a public offer to sell 575-million shares in its Nigerian business.

The offer will open in November with a bookbuild to institutional investors, after which a fixed price will be announced for retail investors. The offer is expected to close in December. The group’s subscription base rose by a net 200,000 to 271-million in the three months to end-September, held back by new SIM registration regulations in Nigeria. Stripping out Nigeria, subscribers were up 1.6-million.

“The MTN Group recorded a solid [third-quarter] 2021 trading performance, tracking positively against our medium-term targets with double-digit service revenue growth and the expansion of ebitda [said in a statement.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN to sell shares in Nigeria business through public offerThe process will involve a bookbuild to institutional investors and a fixed price to retail investors
Source: BDliveSA - 🏆 12. / 63 Read more »

MTN to sell shares in Nigeria business through public offerThe process will involve a bookbuild to institutional investors and a fixed price to retail investors
Source: BDliveSA - 🏆 12. / 63 Read more »

Year-end shopping made easy with Standard Bank’s online business solutionStandard Bank’s eCommerce-in-a-box solution – SimplyBlu – offers everything small businesses need to operate smoothly and efficiently online.
Source: TheCitizen_News - 🏆 6. / 75 Read more »