₦airaland Forum

Telecommunications giant, MTN Nigeria, has said it will list its shares on the Nigerian Stock Exchange in 2017.

The company said in a statement on Thursday that the listing was part of a settlement arrangement with the Federal Government.
“The Board of Directors has resolved to proceed with preparations for a listing of MTN Nigeria on the NSE as soon as commercially and legally possible, and has established a management task team with the responsibility to guide the company towards a listing,” it said in the statement.

“At present, MTN Nigeria is targeting that the listing takes place during 2017, subject to suitable market conditions.”
The statement was signed by MTN Nigeria’s Public Relations and Protocol Manager, Mr. Funso Aina.
‎The telecoms firm said it had appointed Stanbic IBTC Capital Limited (together with its affiliates, The Standard Bank of South Africa Limited and Standard Advisory London Limited) (collectively “Stanbic”) and Citigroup Global Markets Limited (‘Citi’) as Joint Transaction Advisors and Joint Global Coordinators, with Stanbic acting as Lead Issuing House.
It added, “A full syndicate including Nigerian receiving agents, Nigerian receiving banks and other advisers would be appointed in due course, as appropriate.
“The proposed listing would be subject to suitable market circumstances and conditions and the appropriate approvals from relevant regulators and other stakeholders.”


http://punchng.com/breaking-mtn-list-nigerian-stock-exchange/

Nice 1... but i'm wondering whats the purpose of this company going public cause i'm sure they are not cash constraint. & expansion seems not to be a problem for them. is it solely pressure from the FGN and regulators ??

I know the public and investors will love this news but please, lets discuss what's in it (going public) for the organisation (MTN).

Does this mean we can buy MTN Nigeria shares. if yes, how do we go about it

Ryder306:
Does this mean we can buy MTN Nigeria shares. if yes, how do we go about it

Yes, MTN Nigeria is going public.anybody can now purchase shares of the company. however the IPO is not until 2017.

I hope this is not the beginning of the end of MTN in Nigeria.
Though attractive, please be cautious. It appears too good to be true. MTN is a stingy company.