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MTN sells Botswana unit
MTN Group Ltd. announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least 15 billion rand ($1.1 billion) from asset sales and strengthen the balance sheet.
The company agreed to sell its 53 percent stake in Botswana’s Mascom to Econet Wireless Zimbabwe Ltd. for $300 million, the Johannesburg-based company said in a statement on Thursday. [Bloomberg]
MTN Group Ltd. announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least 15 billion rand ($1.1 billion) from asset sales and strengthen the balance sheet.
The company agreed to sell its 53 percent stake in Botswana’s Mascom to Econet Wireless Zimbabwe Ltd. for $300 million, the Johannesburg-based company said in a statement on Thursday. [Bloomberg]
