Telecommunications group MTN Uganda plans to proceed with an initial public offer (IPO) and subsequently list on the Uganda Securities Exchange (USE) following approval from the Capital Markets Authority (CMA) and USE for MTN Group to sell 20% of its shareholding in MTN Uganda to the public. The listing is in line with the strategic priority and localisation plans of the MTN Group, which owns 96% of MTN Uganda, as well as with the provisions of MTN Uganda’s national telecommunications operator licence, which require its listing by the end of June 2022.
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