MTN's Fintech unit seeks more investors after Mastercard deal
The company’s shares fell 1% to R134.45 at 1:37 p.m. in Johannesburg.
Source: moneyweb.co.za
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The company’s shares fell 1% to R134.45 at 1:37 p.m. in Johannesburg.
MTN Group is seeking as many as three more strategic investors in addition to Mastercard for its fintech unit.
The telephony group looks to sell off a further minority stake in its fintech business, after signing a deal with Mastercard.
MTN Group CEO Ralph Mupita (pictured) reportedly opened the door to more investors for its fintech unit which it values at $5.2 billion.
Telecom giant MTN Group has reported a resilient performance and strategic advancements in the first half of 2023.