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MTN Black Economic Empowerment public offer misses target

Connectivity BusinessbyConnectivity Business
November 22, 2016
in Financing, Space Services
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South Africa-based MTN Group has raised some R1.1bn (US$78.3m) in its Black Economic Empowerment (BEE) public share offer, missing its target. The Johannesburg-based telco will subscribe for 27.8 million ordinary shares in empowerment scheme MTN Zakhele Futhi for a total R557m (US$39.6m) to make up for the equity shortfall.   South Africa-based MTN Group (JSE:MTN) has raised some […]

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