A guest types on their cell phone while sitting under an MTN logo during the launch of their mobile money service in Johannesburg, South Africa, Jan. 30, 2020. REUTERS / Siphiwe Sibeko
KAMPALA, Oct. 5 (Reuters) – Telecommunications company MTN Uganda’s IPO is expected to raise around $ 1.2 billion, Keith Kalyegira, chief executive officer of the Capital Markets Authority, said Tuesday.
MTN Uganda previously announced that it had approval to list 20% of its shares.
Reporting by Elias Biryabarema; Letter from George Obulutsa; Arrangement by Louise Heavens
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