Telecommunication giant, MTN will be launching a 35% Initial Public Offering (IPO) on the Exchange by end of 2018.
The move as confirmed by the Ghana Stock Exchange (GSE) will be geared at selling 35% stake in the company to the public.
It is part of the requirement from the National Communication Authority (NCA) before awarding the 4G spectrum to the network in 2015.
Speaking at a the Exchange’s quarterly briefing Tuesday, February 13, 2018, the Deputy Managing Director of GSE, Ekow Afedzie said the offer document for the IPO has been presented to the Ghana Stock Exchange for perusal, adding that, very soon the company will be launching its IPO.
The Managing Director for the GSE, Kofi Yamoh said, “MTN’s listing among others will give 2018 a better performance than 2017.”
MTN Ghana spent $67.5million to acquire the 4G spectrum license for the next 15 years.