MTN is proceeding with the listing of its Nigerian operation on the Nigerian Stock Exchange. By Gugu Lourie
Africa’s biggest mobile phone operator is planning to list the Nigerian business in 2017.
“At present, MTN Nigeria is targeting that the listing takes place during 2017, subject to suitable market conditions,” the company informed investors on Thursday.
MTN has established a management task team with the responsibility to guide the company towards listing the operation in Nigeria.
MTN Nigeria has appointed Stanbic IBTC Capital, Standard Bank of South Africa and Citigroup Global Markets as its joint transaction advisors and joint global coordinators with Stanbic acting as lead issuing house.