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16
Jul
2018
MTN disposes of its MTN Cyprus holdings for R4.1bnBy:Creamer Media Senior Deputy Editor MERGERS & ACQUISITIONS JSE-listed MTN Group subsidiary MTN Dubai has sold 100% of MTN Cyprus to Monaco Telecom for R4.1-billion in cash. The deal, which forms part of the group’s ongoing portfolio review, values the Cyprus subsidiary eight times that of reported 2017 earnings before interest, taxes, depreciation and amortisation.
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