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Mastercard to Buy Stake in MTN's $5.2 Billion Fintech Unit - Vimarsana News

Mastercard to Buy Stake in MTN's $5.2 Billion Fintech Unit

(Bloomberg) -- MTN Group Ltd., Africa’s biggest wireless carrier, said Mastercard Inc. agreed to take a minority stake in its financial-technology business, which the company values at $5.2 billion. Shares rose as much as 10%. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel

Source: yahoo.com
Mastercard to buy stake in MTN's R98bn fintech unit - Vimarsana News

Mastercard to buy stake in MTN's R98bn fintech unit

'Signing of the definitive investment agreements is expected to occur in the very near term.'

MTN Group 1H Group Service Revenue Rose 16.5% - Vimarsana News

MTN Group 1H Group Service Revenue Rose 16.5%

By Joe Hoppe MTN Group's pretax profit fell on higher costs and depreciation, amortisation and impairments, and it has signed a memorandum of understanding...

Power resilience moves see MTN deliver solid earnings - Vimarsana News

Power resilience moves see MTN deliver solid earnings

MTN’s investment to ensure it withstands load-shedding helps it deliver a solid performance for the first half of 2023.

MTN strikes Mastercard fintech deal - Vimarsana News

MTN strikes Mastercard fintech deal

MTN Group agreed a deal to sell a stake in its fintech business to MasterCard for an undisclosed sum and revealed H1 numbers.