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