MTN Uganda to spin off fintech unit into separate firm
KAMPALA: MTN Uganda, the East African country’s largest telecom firm, plans to split off its fintech unit into a separate entity and aims to list it on the local bourse in three to five years, the company said late on Tuesday.
The company, which has a mobile subscriber base of about 21 million, is a unit of South Africa’s MTN Group and competes mainly with the local unit of India’s Bharti Airtel .
