MTN to open $1.2b Uganda IPO to investors in East Africa

An MTN stand at an expo. It has received regulatory approvals to list 20 percent of its shareholding. PHOTO | FILE | NMG

What you need to know:

  • The telecom, a South African MTN Group subsidiary, said Tuesday that it had received regulatory approvals to list 20 percent of its shareholding.
  • The firm said Tuesday that it would disclose details of the offer in its prospectus to be released on October 11.

MTN Uganda will sell a fifth of its stake to Kenyan and other East African investors when it floats its initial public offer (IPO) on the Kampala bourse.

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