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Stock impact report

UPDATE 1-African telecoms titan MTN raises $140 mln in divestment plan [Reuters]

American Tower Corp (AMT)  More Company Research Source: Reuters
Last american tower corp earnings: 4/29 07:00 am Check Earnings Report
PDF UPDATE 1-African telecoms titan MTN raises $140 mln in divestment plan - Reuters 2 Min Read (Recasts with asset sale proceeds) JOHANNESBURG, Aug 8 (Reuters) - MTN Group Ltd raised 2.1 billion rand ($140.24 million) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio, Africa’s largest mobile network by subscribers said on Thursday after reporting a 9.3% fall in earnings. MTN is in the middle of reviewing its presence in some markets alongside investments in e-commerce platforms as part of a plan to streamline the company into a focused operator in high-growth markets in the Middle East and Africa. In March, it announced a 15 billion rand divestment programme over the next three years that will also reduce risk and improve returns. In the first half to June it sold its shareholder loan in ATC Ghana to American Tower Corporation for 900 million rand and also sold its interests in investment fund Amadeus and its associated holding in Trav [Read more]
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