{"id":31253,"date":"2013-02-06T09:26:27","date_gmt":"2013-02-06T07:26:27","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=31253"},"modified":"2013-02-06T10:10:06","modified_gmt":"2013-02-06T08:10:06","slug":"mtn-takes-100-stake-in-mtn-cyprus","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/31253\/mtn-takes-100-stake-in-mtn-cyprus\/","title":{"rendered":"MTN takes 100% stake in MTN Cyprus"},"content":{"rendered":"

MTN<\/a>, through its wholly owned subsidiary, MTN Dubai, has agreed to acquire a 50% equity interest in MTN Cyprus from its local partner, Amaracos Holdings. The transaction will increase MTN\u2019s ownership interest to 100%.<\/p>\n

This transaction forms part of MTN Group\u2019s strategy to consolidate its investments and will provide further opportunities to accelerate its product and service offerings to the Cypriot market.<\/p>\n

MTN Group acquired its initial investment in MTN Cyprus in 2006 as part of a larger transaction where 100% of Investcom LLC<\/a>, a holding company of operations in 10 countries in Africa and the Middle East, was acquired.<\/p>\n

Since 2008, MTN Cyprus has grown its market share from 14% to approximately 33% and subscribers from 105 000 to 316 000 as at 30 September 2012.<\/p>\n

MTN Group CEO Sifiso Dabengwa<\/a> said: \u201cMTN Cyprus is well established within a market that has good potential for accessing innovation and knowledge sharing that can benefit the overall MTN group.\u201d<\/p>\n

The acquisition is subject to approval by the Commission for Protection of Competition of the Republic of Cyprus.<\/p>\n

More MTN articles<\/h3>\n

Hoffmann report clears MTN in Turkcell case<\/strong><\/a><\/p>\n

MTN and Naspers lead in emerging markets<\/strong><\/a><\/p>\n

MTN targeting South East Asia?<\/a><\/strong><\/p>\n

MTN actively pursuing Myanmar licence<\/strong><\/a><\/p>\n

MTN shares to hit R200 in 2013?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MTN Group to increase its interest in MTN Cyprus to 100%<\/p>\n","protected":false},"author":10,"featured_media":25956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[34],"tags":[26,28],"class_list":["post-31253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=31253"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31253\/revisions"}],"predecessor-version":[{"id":31255,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31253\/revisions\/31255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/25956"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=31253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=31253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=31253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}