MTN Group Ltd. values its mobile money arm at about US$5 billion (UGX18 trillion) and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent.
The move comes after Mastercard Inc. and TPG Holdings LP invested $300 million in Airtel Africa Plc’s mobile-money business at a $2.65 billion value.
“Wi
Thank You For Reading CEO East Africa Magazine.
Please SUBSCRIBE for UNLIMITED ACCESS to our game-changing stories or LOG IN for existing members.
