South Africa’s MTN To Raise $1 Billion From Asset Sales, FY Profit Surges

www.oann.com | 2/23/2016 | Staff
melanie7 (Posted by) Level 3
JOHANNESBURG (Reuters) – MTN Group plans to raise more than 15 billion rand ($1.05 billion) in asset sales over the next three years, Africa’s biggest telecoms group said on Thursday after reporting a massive jump in 2018 profit.

MTN is in the middle of reviewing its presence in some markets alongside investments in e-commerce platforms as part of a plan to streamline the company into a focused operator in high-growth markets in the Middle East and Africa.

Part - Review - Company - Minority - Stake

As part of the review, the company has agreed to sell its minority stake in Botswana’s Mascom for $300 million. It sold it sole European unit in Cyprus last year.

MTN also said its investments in tower companies and e-commerce platforms such as African online...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!