MTN Uganda IPO Plan Values Business at About $1.25 Billion
Africa’s largest wireless carrier to sell 20% stake in unit, MTN Uganda CEO Wim Vanhelleputte tells reporters in Kampala.
- Stock will be sold at 200 Uganda shillings each; investors must apply for a minimum of 500 shares
- 4.5 billion shares will be sold, valued at about $250 million
- Listing will take place Dec. 6
- Sale of 20% stake confirms earlier Bloomberg report