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MTN Group: Africa's biggest telecom operator first announced the minority stake sale in August but did not disclose the value and size of the stake until final agreements were signed.
The telco signs deal with Mastercard for an investment of up to R3.8 billion into MTN Group Fintech at a valuation of R99 billion.
MTN Group Limited (OTCMKTS:MTNOY – Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.80 and traded as low as $5.15. MTN Group shares last traded at $5.15, with a volume of 6,865 shares changing hands. MTN Group Trading Down […]
MTN Group pledged to invest US$215 million in infrastructure into Benin over the next three years after seeing positive results from 5G trials in the country.
MTN and Ericsson extended an existing mobile money partnership with a view to widening the scope of financial services available.