• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Shanduka buys stake in MTN Nigeria

Nov 28 2012 10:24
Sapa
MTN

The allocation of spectrum is critical to the mobile operators rolling out a faster mobile network and should be awarded to established players, MTN has asserted. (Duncan Alfreds, News24)

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 146
Change 1
% Change 1
Cumulative volume 5414575
Market cap 0

Last Updated: 22-07-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Shanduka to start on wind power plant

Chinese buy into Shanduka group

Shanduka buys Glencore stake in coal unit

Shanduka eyes bigger slice in coal venture

Shanduka ups stake in Shanduka Coal

 

Johannesburg - The Shanduka Group has purchased a R2.96bn, minority stake in MTN Nigeria, the company said on Wednesday.

The stake was purchased through the company's subsidiary Shanduka Telecommunication, based in Mauritius, and is the largest investment the company has made outside South Africa, Shanduka Group said in a statement.

"This is Shanduka's most significant investment in another African country. It is a business that is well established within a market that has great potential for further growth. Shanduka will continue to pursue opportunities in other parts of Africa," said Shanduka Group CEO Phuti Mahanyele.

The stake was purchased from three private investors.

MTN Nigeria is the largest mobile operator in Nigeria with over 45 million subscribers and an estimated market share of 48%.

The company is an indirect subsidiary of MTN Group [JSE:MTN], which holds a 78.8% stake.

 
shanduka group

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...