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MTN to Spin Off Nigeria and Uganda Fintech Units as Part of Mobile-Money Reorganization
MTN is separating its Nigerian and Ugandan financial-technology operations to open minority stakes to Mastercard and other buyers.
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MTN is finalizing the spinoffs of its Nigerian and Ugandan financial-technology operations. The spinoffs form part of a reorganization of the company's mobile-money unit. The reorganization is intended to allow Mastercard and other strategic buyers to take minority stakes in MTN's fintech businesses.
MTN operates financial-technology operations in Nigeria and Uganda. @business reported the details of the planned separation.
Transparency
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CorroborationLimited · 1 source
