MTN Group Limited - MTN further increases its shar
MTN
MTN
MTN Group Limited - MTN further increases its shareholding in Uganda
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06)
Share code: MTN
ISIN ZAE000042164
("MTN")
MTN further increases its shareholding in Uganda
MTN shareholders are referred to the announcement on the 6th July where MTN
announced the acquisition of 32.44% in MTN Uganda from Swedish telecom company,
Overseas Telecom AB (which is 65% owned by TeliaSonera).
MTN has announced that it has further increased its shareholding in MTN Uganda
and now owns 97.34% shareholding through the successful acquisition of all of
Tri-Star Investments S.A.R.L"s 12.89% stake in the operation for a cash only
consideration of US$55 million. Tri-Star is a Rwanda-based investment holding
company.
Fairland
24 July 2006
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 24/07/2006 05:35:56 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
