MTN sells Cyprus unit to Monaco Telecom for EUR 260 mln

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You Are Here:MTN sells Cyprus unit to Monaco Telecom for EUR 260 mln

(Telecompaper) MTN Group has agreed to sell its Cyprus unit to Monaco Telecom for about EUR 260 million. MTN Cyprus is MTN’s only operating business in the EU, and was acquired as part of MTN Group’s acquisition of telecoms holding company Investcom in 2006. It falls outside the group’s core footprint of Africa and the Middle East.
Source: Industry News (syndicated from Telecompaper.com)

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