MTN Uganda IPO Raises Nearly $1.2 Billion – Regulator

Texas News Today

FILE PHOTO: A guest sitting under the MTN logo enters their mobile phone at the launch of the Mobile Money service in Johannesburg, South Africa on January 30, 2020. Reuters / Sifyway Sibeco

5 October 2021

KAMPALA (Reuters) – Telecom company MTN Uganda’s initial public offering is expected to raise about $1.2 billion, Capital Markets Authority CEO Keith Kaligira said on Tuesday.

MTN Uganda had earlier said that it has approved the listing of its 20% stake.

(Reporting by Elias Biryabarema, written by George Obulutsa, edited by Lewis Heavens)


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