MTN Group has formally listed the shares of subsidiary MTN Rwandacell on the Rwanda Inventory Trade (RSE), turning into the primary cellular telecommunications operator to take action.
The 4 Could “itemizing by introduction” noticed Crystal Telecom shareholders holding a 20% direct stake in MTN Rwanda. These shares have been beforehand held by Crystal Telecom.
MTN Group CEO Ralph Mupita stated in an announcement that the itemizing demonstrated MTN’s “dedication to Rwanda”, the place it has had a presence since 1998.
“This itemizing will help in deepening the Rwandan capital markets by broadening public possession over time and also will set up the premise for a brand new and rising telecoms and know-how asset class on the trade,” Mupita stated.
Forward of its itemizing by introduction on the RSE, MTN Rwanda modified its standing from a non-public firm to a public legal responsibility firm. The complete firm title has due to this fact been modified from MTN Rwandacell Restricted to MTN Rwandacell PLC, it stated. — © 2021 NewsCentral Media