
Audio By Carbonatix
The MTN Group has said that it will support plans by the Rwandan government to float its 10 percent stake in MTN Rwanda onto the local stock market, ending speculation that MTN might try to buy the stake instead.The Rwandan government previously said it wanted to sell the stake as part of moves to float state-owned companies to boost its newly opened stock exchange."We have not made a final decision on how to structure our shares, but we would wish the public to own what they have done in Rwanda," MTN Group Executive in Charge of Business Risk Management, Shauket Fakie told journalists in that country.Reports said the government needed approval from MTN, as the (55%) majority shareholder, to float its stake on the stock market.In Ghana, MTN has also announced it was now set to offer Ghanaians the opportunity to own shares in the company through private placement rather public floating of shares.MTN Ghana had to cross a couple of legal hurdles, after which out-gone CEO Brett Goschen said they were ready to consider that option.Rwanda currently has three mobile networks, and the Mobile World analysts estimate their market shares at: MTN (53%); Rwandatel (33%) and Tigo (14%).Story by Samuel Nii Narku Dowuona/Adom News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The power of the private courtyard: How regalia is redefining resort-style living in Accra
6 minutes -
Beyond roads and bridges: Understanding the true role of your MP
7 minutes -
UK says Russia ran submarine operation over cables and pipelines
8 minutes -
NPRA recovers GH¢27m in 2025, 30% of defaulted pension contributions
11 minutes -
Accra: Police probe dead body retrieved from Nkrumah Circle drain
12 minutes -
Power fluctuations slash Ashanti region water production by 959,000 cubic metres in March
16 minutes -
Beyond the festivities: Gomoa must turn visibility into development
24 minutes -
DVLA clarifies it is not responsible for Toyota Voxy commercial operations
26 minutes -
Calls for Ofori-Atta’s return a non-issue if trial proceeds in absentia – Pius Hadzide
28 minutes -
France names Ghana first beneficiary of newly established National Health Compact
34 minutes -
US Immigration, extradition outcomes likely to influence each other in Ofori-Atta case – Amanda Clinton
37 minutes -
29-year-old woman rescued after hiding in drain to escape attackers
51 minutes -
Gramps Morgan names Ghanaian business leader Monalisa Effah as Ghana-Jamaica Homecoming Ambassador
1 hour -
CAF President urges faith in African football despite AFCON 2025 issues
2 hours -
AFCON U-17: Black Starlets’ aim is to win trophy – Head Coach Prosper Ogum
2 hours