Nigeria’s largest telecommunication company, MTN Nigeria, may sell some 30 per cent of its ordinary shares to Nigerian retail investors under its much-awaited initial public offering (IPO). Sources in the know of the arrangements for the IPO indicated that MTN Nigeria could sell as much as 30 per cent of its share capital to the […]
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The Securities and Exchange Commission (SEC) on Wednesday, confirmed that MTN Group had finally commenced discussions with it on the proposed $500 million dollars Initial Public Offering (IPO) ahead of its listing on the Nigerian Stock Exchange (NSE). This is coming a week after the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. […]
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Helios Towers Plc, one of the largest sub-Saharan telecommunications tower operators, plans an initial public offering in early April to let shareholders such as Soros Fund Management LLC reduce their stakes. Helios plans to sell shares in London and Johannesburg, the company said in a statement Friday. Helios expects at least 25 per cent of […]
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As MTN Nigeria plans to list its shares through Initial Public Offering(IPO) later this year, the transaction is going to be paperless, its General Manager, Nikiwe Tsaagane, has said. Tsaagane made this known when he paid a courtesy visit to Dr. Ogbonnaya Onu, Minister of Science and Technology, in Abuja at the weekend. According to […]
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