MTN values mobile-money arm at R75 billion – considers listing Bloomberg12 April 2021 Subscribe MTN is valuing its mobile-money arm at about $5 billion, joining African wireless carriers planning to list these businesses in a region that has more mobile-money accounts than anywhere else in the world. MTN’s valuation of its unit follows Mastercard and TPG Holdings investing $300 million in Airtel Africa’s mobile-money business at a $2.65 billion value. “With similar valuations to that of Airtel, our valuation would sit at R75 billion, or about $5 billion,” said MTN chief executive officer Ralph Mupita. “No decision has been made as yet, but listing will be an option considered if that will be the best approach to unlock value.”