MTN considers Nigerian stake sale

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

MTN Group may consider a phased sale to reduce its majority stake in its Nigerian business but still plans to proceed with the disposal, according to Bloomberg report.

Group Chief Executive Officer Ralph Mupita said in an interview that the impact of the virus on international financial markets did not change the mobile network operator’s plans to sell part of its 79 per cent shareholding to local investors.

The asset sales include an 18.9 per cent stake in African online retailer, Jumia; a 27 billion rand worth stake in Mauritius-headquartered IHS Towers; MTN Nigeria’s public offering and share sales to local investors in its Ugandan and Zambian units. According to Reuters, the company also said headline earnings per share rose by 38.9 per cent to 468 cents for the full-year ended December 31 on the IFRS 16 accounting basis. On a like-for-like IAS 17 accounting basis, the HEPS rose 61.7 per cent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

verizon TMobile at&t should be on stand by......

Pls dont sell to glo

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19: Give Nigerians Airtime And Data To Soothe Their Pains, Keyamo Tells MTN, OthersCOVID-19: Give Nigerians Airtime And Data To Soothe Their Pains, Keyamo Tells MTN, Others. Abi oooo Yes ooo, please and steady electricity supply Lool, when they finally grudgingly give the airtime, 2 things are bound to happen (1), it's either they make the network move at snail speed OR (2) swallow up the data before the expiry date! E no dey hard dem😁😏😌😌
Source: channelstv - 🏆 7. / 63 Read more »

COVID-19: Cut data price now, Nigerians tell MTN, GLO, Airtel, 9mobileMany Nigerians have taken to the social media Monday morning to call for downward review of data prices by telecommunication service prov... Do we need to beg them? I tire sef.. no love Na by force?
Source: Daily Trust - 🏆 13. / 51 Read more »

COVID-19: Give Nigerians Airtime And Data To Soothe Their Pains, Keyamo Tells MTN, OthersCOVID-19: Give Nigerians Airtime And Data To Soothe Their Pains, Keyamo Tells MTN, Others. Abi oooo Yes ooo, please and steady electricity supply Lool, when they finally grudgingly give the airtime, 2 things are bound to happen (1), it's either they make the network move at snail speed OR (2) swallow up the data before the expiry date! E no dey hard dem😁😏😌😌
Source: channelstv - 🏆 7. / 63 Read more »

COVID-19: Cut data price now, Nigerians tell MTN, GLO, Airtel, 9mobileMany Nigerians have taken to the social media Monday morning to call for downward review of data prices by telecommunication service prov... Do we need to beg them? I tire sef.. no love Na by force?
Source: Daily Trust - 🏆 13. / 51 Read more »

Nigeria realised N2.3 trillion from crude oil sales in 2018 -- NEITIThe Nigerian government realised about N2.3 trillion as proceeds from the sales of domestic crude oil allocation in 2018, the latest Nigerian Extractive Audio To were my questions is
Source: PremiumTimesng - 🏆 3. / 78 Read more »

COVID-19: ‘You did not consider Nigerians before ordering lockdown’ – Afenifere attacks ...The Yoruba socio-political organisation, Afenifere, on Wednesday said President Muhammadu Buhari did not consider Nigerians before ordering a lockdown in Abuja, Lagos and Ogun States respectively. Buhar had on Sunday ordered a total lock down of Abuja, Lagos and Ogun State in a bid to contain the spread of Coronavirus. However, Afenifere's spokesperson, Yinka Odumakin trash! Yamhead... Una no serious
Source: DailyPostNGR - 🏆 11. / 59 Read more »