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| Name | Symbol | Market | Type |
|---|---|---|---|
| MTN Group Ltd (PK) | USOTC:MTNOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.18 | -3.64% | 4.77 | 4.64 | 4.85 | 4.77 | 4.7112 | 4.75 | 131,246 | 21:01:14 |
From Jan 2020 to Jan 2025
Stockholm-listed telecom group Millicom International Cellular S.A. (MIC-SDB.SK) Monday said MTN Group Ltd. (MTN.JO) will join the company and Rocket Internet as a partner in African online venture Africa Internet Holding (AIH), in order to help boost the venture's growth.
MAIN FACTS:
-The three partners will own one third of the company each upon closing.
-AIH offers a broad range of services from real estate classifieds to electronics marketplace, food delivery to fashion e-commerce and hotel booking to taxis ordering. It is now active in 13 African countries.
-The agreement is subject to customary closing conditions, including necessary regulatory approvals, and expected to be completed in 2Q 2014.
-"We are pleased to welcome MTN as a strategic partner to accelerate the growth of our online alliance in Africa," Millicom CEO Hans-Holger Albrecht said.
-Millicom shares closed Friday at SEK582.
Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year MTN (PK) Chart |
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