MTN Ghana gearing up for 2017 IPO
17 March 2017
MTN Ghana, the country’s leading cellco by subscribers, is hoping to complete its preparations for listing its shares on the Ghana Stock Exchange (GSE) this year, according to Citi Business News.
The firm began the process in 2016, as part of the conditions it was given when it acquired its USD67.5 million 4G licence back in late-2015. MTN hopes to list around 35% of its shares on the GSE, with a view to generating around USD500 million.
CEO Ebenezer Asante has stated that the company will be in a position to launch the IPO as soon as the National Communications Authority (NCA) approves its plans.
Source: Telegeography 14 March 2017