MTN to open Sh132bn Uganda IPO to Kenyan investors

MTN booths in Kampala, Uganda. FILE PHOTO | NMG 

MTN Uganda will sell a fifth of its stake to Kenyan and other East African investors when it floats its initial public offer (IPO) on the Kampala bourse.

The telecom, a South African MTN Group subsidiary, said Tuesday that it had received regulatory approvals to list 20 percent of its shareholding.

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