MTN’s top investor forces board shakeup in push for fewer disputes
The Public Investment Corporation aims to avoid regulatory, legal and political problems that have hit MTN’s share price
04 June 2019 - 10:14
MTN Group’s biggest shareholder is pushing for changes at Africa’s largest mobile-phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.
The Public Investment Corporation (PIC) built a 26% stake in Johannesburg-based MTN by late November 2018 and used that to call for the replacement of chair Phuthuma Nhleko, people familiar with the matter said...
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