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Mastercard to buy stake in MTN s fintech unit

Mastercard has agreed to take a minority stake in the financial-technology business of MTN Group, the largest wireless carrier in Africa, which the latter values at $5.2bn. Shares in MTN rose as much as 10%, following the announcement. The deal will be structured in two parts: a commercial agreement to use Mastercard s technology infrastructure to develop MTN s offerings and the investment into a minority stake.

Mastercard to Buy Stake in MTN s $5 2B Fintech Unit

Mastercard to Buy Stake in MTN s $5 2B Fintech Unit
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Analysts caution potential Telkom investors of pitfalls ahead

Naspers, Prosus to undo cross-holding to boost share price

Naspers, Prosus to Undo Cross-Holding to Boost Share Price

(Bloomberg) Dutch e-commerce investor Prosus NV and its parent Naspers Ltd. received approval from South African regulators to remove a cross-holding structure, boosting both companies’ shares. Most Read from BloombergPutin Blasts Wagner ‘Traitors’ as Prigozhin Defends RevoltStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’The 10 Worst US Airports for Flight Disruptions This SummerRussia Latest: Putin Says Mutiny’s Organizers Sought to DividePutin Faces Historic Threat to Absol

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