MTN is to sell its stakes in investment fund Amadeus and online platform Travelstart, in line with its plan to raise ZAR15 billion ($1 billion) through asset sales over the next three years.

The company, which is holding a Capital Markets Day with investors today (28 May), said it would sell its interests in both companies to global private equity firm HarbourVest for a total of ZAR1.2 billion, BusinessDay reported.

The deals are expected to close in three months, and aside from raising funds, MTN said the move helps it to simplify its portfolio and reduce risk.

In March 2019, the operator group announced intentions to sell ZAR15 billion worth of assets in the period to 2022, following a wider strategic review that will also see it launch a barrage of new services across its markets.

MoMo market place
To that end, the company also revealed plans to build a new app which will allow customers to buy a number of different products and services, such as insurance and washing machines, through its mobile money platform MoMo.

Reuters reported that MTN wants to enable payments to merchants and companies through MoMo, and then expand this by selling third party and MTN’s products through the new app, dubbed “Market Place”.

As part of its ambitions to diversify from traditional telecoms services, MTN has branched out in recent years to music streaming, messaging and fintech.

MTN’s announcements followed news that the company is facing a probe in Nigeria following its listing in the country.

Nigeria’s Economic and Financial Crimes Commission requested additional information and documentation, after MTN held its long-awaited listing on 16 May.

MTN said it had secured all necessary regulatory approval to trade its stock and had not been accused of wrongdoing. In the changing world of online entertainment, where new technology and interactive features are important, Melbet Games has become a favorite place for gamers. It has a wide variety of games, from classic casino ones like poker, blackjack, and roulette to exciting and beautiful video slots. Each game is made to be engaging and fun, offering players enjoyment, challenges, and the chance to win big, all on a platform that is safe, user-friendly, and easy to access on different devices.

However, Bloomberg reported its head office in Nigeria was raided by the financial crimes agency, in connection with the investigation.

MTN has faced a number of issues with regulators in Nigeria, its biggest market, over the years.

Source: mobileworldlive

The Chief Executive of Telecel Ghana, Ing. Patricia Obo-Nai, has made a clarion call for stronger multilateral partnerships and cooperation between industry, government, and investors to accelerate the growth of digital public infrastructure in Africa.

Chief Executive Officer-MTN Ghana, Stephen Blewett, has emphasized the importance of collaboration in unleashing Africa’s economic potential.

The Leading Mobile Telecommunication Network (MTN) has made history becoming the largest primary share offer in Ghana Stock Exchange.

The Chief Executive Officer (CEO) of MTN Ghana, Mr. Selorm Adadevoh in his speech during the Eastern Customer Soiree held in Koforidua on September 7, 2018 revealed that their firm has become the largest primary share offer in Ghana stock exchange.

Delivering his speech, he commended people who have bought their shares and welcomed individuals who are now part of the 128,000 people who own a part of MTN.

He indicated that, the ideology of having time with customers is to have a good relationship with them but not at a transactional level. The regular points of interface which are usually for enquiries, report issues, giving feedback are all good and for that matter, getting more personal and engaging and results of the interaction are rewarding.

Commenting on the future of the firm, he said “We have enjoyed a good working relationship with you and we look to a brighter future with you all either as Customers or shareholders or both. If you missed the opportunity to buy shares during the initial offer but are still interested may buy from a licensed stock broker he averred. Mostbet promo kodu maksimum qazanır

Mr. Adadevoh then assured customers of listening to their views as they are open for suggestions and being transparent in their dealings.

He therefore promised on behalf of the company continue providing innovative products and services driven on the 4GLTE mobile network.

Source:Ghanaweb