MTN shares start trading on Uganda Securities Exchange
Mobile operator’s listing is the largest IPO in Uganda’s history but only met two-thirds of its target
06 December 2021 - 20:45
Shares in MTN’s Uganda business started trading on that country’s stock exchange on Monday, following an initial public offer (IPO) that raised R2.4bn, the largest in the East African country’s history.
This completes another piece of the mobile operator’s ongoing strategy to increase local ownership in its operating companies and meet its licence obligations. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.