MTN Uganda IPO to boost about $1.2 bln – regulator

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KAMPALA, Oct 5 (Reuters) – Telecoms agency MTN Uganda’s preliminary public providing is predicted to boost about $1.2 billion, Keith Kalyegira, Chief Executive Officer of the Capital Markets Authority stated on Tuesday.

MTN Uganda stated earlier it had approval to checklist 20% of its shareholding.

Reporting by Elias Biryabarema; Writing by George Obulutsa; Editing by Louise Heavens

A guest types on his mobile phone as he sits below an MTN logo during the launch of its mobile money service in Johannesburg, South Africa, January 30, 2020. REUTERS/Siphiwe Sibeko