Here’s all you need to know about the MTN IPO


by BA 27 Views

Wim Vanhelleputte, the CEO MTN Uganda. By Our Reporter On Monday, MTN Uganda opened its Initial Public Offer that will run until 22nd November 2021. The MTN Uganda Chief Executive Officer, Wim Vanhelleputte sheds more light on the MTN IPO, responding to some of the pertinent questions from the prospective retail investors. First and foremost, how would you describe MTN Uganda as a Company? MTN Uganda is a subsidiary of the MTN Group, a leading emerging market operator with a clear vision to lead digital solutions for Africa’s progress, through its 277 million customers in 20 countries in Africa and the Middle East. That said, MTN Uganda is a leading telecoms company in Uganda with the primary objective of carrying on the business of a national operator of a telecommunications network, pursuant to the NTO license granted by the UCC. MTN recently announced the opening of its initial public offer (IPO). Can you share with us details of the offer? The structure of the IPO is a secondary offer of 20% of the issued share capital of MTN Uganda Limited, with the selling shareholder being MTN Group. The total number of shares on offer amount to c. 4.5 billion shares,...