MTN sells MTN Cyprus for $304 million

Posted by News Express | 16 July 2018 | 1,400 times

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Mobile network operator MTN Group Ltd said on Monday its subsidiary MTN Dubai sold MTN Cyprus to Monaco Telecom S.A for 260 million euro ($304 million).

The telecoms firm said it would also allow Monaco Telecom to use the MTN brand in Cyprus for up to three years in return for a commercial fee. (Reuters)

Source: News Express

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