South African investment group,
Shanduka, has
revealed that it has acquired a $335million stake in MTN Nigeria. This, a minority stake in the largest telecommunication provider in Nigeria, was acquired from private investors.
MTN Nigeria is part of the South African
MTN Group, with %78.83 held by MTN Group.
Speaking on the acquisition, the CEO of Shanduka Group, Phuti Mahanyele, said, “This is Shanduka’s most significant investment in another African country. It is a business that is well established within a market that has great potential for further growth.”
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This article was first published on 28th November 2012
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South African investment group, Shanduka, has revealed that it has acquired a $335million stake in MTN Nigeria. This, a minority stake in the largest telecommunication provider in Nigeria, was acquired from private investors. MTN Nigeria is part of the South African MTN Group, with %78.83 held by MTN Group.
Speaking on the acquisition, the CEO of Shanduka Group, Phuti Mahanyele, said, “This is Shanduka’s most significant investment in another African country. It is a business that is well established within a market that has great potential for further growth.”
