MTN Group’s appointment of former Barclays Africa corporate and investment bank head Stephen van Coller to its executive team could see a renewed focus on mergers and acquisitions, as the group seeks to diversify its earnings.Van Coller, who is MTN’s new vice-president for strategy, mergers and acquisitions, spent two decades in the financial sector, having held various senior positions at Barclays Africa and Deutsche Bank.MTN is seeking new growth from digital services such as e-commerce, music and video streaming, as its traditional voice business comes under pressure.Through its investment in Africa Internet Holdings, the company has acquired a number of digital companies operating in fashion, hotel and flight bookings, restaurant food delivery services, job sites, and classifieds for car sales in Africa and the Middle East.The group said on Monday it would continue to expand in areas such as financial services, media, and entertainment. Analysts also expected consolidation in ma...
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