MTN Ghana prepares for IPO in 2017

Ebenezer Asante, CEO, MTN Ghana. Credit: marcopolis.net

MTN Ghana aims to complete preparations to list its shares on the Ghana Stock Exchange (GSE) in 2017.

The telco operator is hoping to raise about USD 500 million in the sale of about 35 percent of its business in Ghana to locals, Citi Business News reported.

If successful, MTN will be exempted from the capital market local content policy which enjoins companies operating in specific areas including telecom, mining, oil and gas to list a minimum percentage of their shares on the Ghana Stock Exchange within five years of commencement of operations in Ghana.

Read more: MTN Ghana prepares for IPO in 2017 – Telecompaper

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