MTN Blasts Reports Over Nigeria Listing | Independent Newspapers Limited
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MTN Blasts Reports Over Nigeria Listing

Posted: Mar 7, 2016 at 6:10 pm   /   by   /   comments (0)

Telecommunications group MTN has rubbished reports that it plans to list in Nigeria, saying that it is only considering a listing of its subsidiary, MTN Nigeria.

The JSE-listed group said in a statement that it was concerned about unnamed media reports that said that it would list in Nigeria.

“This is grossly inaccurate. The correct comment, as expressed by the executive chairman [Phuthuma Nhleko] is that MTN could consider listing the local operation, MTN Nigeria, not the group,” it said.

“As a result, reports that MTN is considering a secondary listing in Nigeria are misleading.”