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MTN to list on Stock Exchange by end of May

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Telecoms giant, MTN, is set to issue its Initial Public Offer (IPO) by the end of this month.

It follows the company’s ability to secure the necessary regulatory approvals to go ahead with the move.

The IPO, means that the public will get the opportunity to own a part of the company which is leader in the telecommunication company.

The decision to go public has been in the news for some time now.

MTN is seeking to raise about 780 million dollars on the Ghana Stock Exchange.

The move is part of requirement after the company was given a licensed to operate the 4G spectrum.

A statement from MTN and copied to Citi Business News said the public offer will give priority to local Ghanaian shareholders who can share in the risks and rewards of ownership of MTN Ghana.

The listing on the local bourse is among the requirement by the National Communications Authority (NCA) as part of MTN’s acquisition of one of the 4G spectrum licenses in 2015.

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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