Home Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report
 

Keywords :   


Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

2019-02-11 09:50:00| Telecompaper Headlines

(Telecompaper) African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about USD 1.5 billion, Bloomberg reported, citing people familiar with the matter. Jumia's largest shareholder MTN Group is planning to raise as much as USD 600 million by selling its shares through the IPO, said one of the people, who asked not to be identified as the information is not public. MTN and Jumia declined to comment.

Tags: report cut usd debt

Category:Telecommunications

LATEST NEWS

Airtel Kenya signs agreement with Telkom Kenya to combine operations

2019-02-11 09:32:00| Telecompaper Headlines

(Telecompaper) Airtel Kenya has announced that it has signed an agreement with Telkom Kenya to merge their respective mobile, enterprise and carrier services businesses as Airtel-Telkom. The nalisation and closure of the transaction is subject to approval by the relevant authorities. Under the agreement, the partners will combine their operations in Kenya and establish an entity with enhanced scale, operational efficiency and strategic brand presence, which will invest in networks to accelerate roll out of future technologies. 

Tags: agreement operations signs combine

Category: Telecommunications

 

 

Last week in telecoms: all eyes on Switzerland and Italy

2019-02-11 07:00:00| Telecompaper Headlines

(Telecompaper) Cyfrowy Polsat outperformed the entire European telecoms sector in week 6, with a gain of 7.9 percent. Tele Columbus, down 13 percent, was to be found at the other extreme. The Telecompaper European Telecoms index ended the week with a loss of 1.5 percent, slightly behind the EuroStoxx 50's -1.1 percent.

Tags: on week eyes italy

Category: Telecommunications

 

 

Latest from this category

All news

15.02Dutch govt studying transition for 210 MHz licenses
15.02MTN announces deportation of MTN Uganda CEO
15.02Amazon pulls out of New York City HQ2 plans
15.02T-Mobile and Sprint merger could cost 30,000 jobs in the US
15.02Italian state lender set to increase Telecom Italia stake to 10%
15.02DCMS sets out new strategy to boost FTTH and mobile network infrastructure
15.02Huawei: Potential US ban would have no major impact on our business
14.02Telenet see solid growth in 2020, 2010 after limited Q4, headwinds in 2019
Telecommunications »
17.02How Lidl learnt to be less German in the UK
16.02Airline Flybmi ceases operations
16.02NEW Photo Contest: Next Generation Females
16.02Chancellor Philip Hammond's visit to China not going ahead
16.02This Week in Agribusiness, Feb. 16, 2019
16.02This Week in Agribusiness, Feb. 16, 2019
16.02Renewable natural gas flowing into SoCalGas pipelines from Calgren dairy digester pipeline cluster
16.02Rivian announces $700M investment round led by Amazon
More »