MTN Ghana is assuring shareholders it will focus its portfolio for growth and creation of more value for its customers.
Speaking to JoyBusiness after a courtesy call by the Multimedia Group, the CEO of MTN Ghana, Selorm Adadevoh assured shareholders the company will work to ensure more value is created.
“We expect to continue to grow. Looking at our promise in our prospectus leading up to the IPO, we talked a lot about our strategy going forward being largely driven by our ambition to deliver digital services to our customers and we will continue to live on that mission.”
The telecoms giant raised over GH¢1.1 billion on the stock exchange making it the first telecommunication company to list on the Ghana Stock Exchange.
MTN was able to raise only GH¢1.15billion out of the expected GH¢3.48billion from its Initial Public Offering which lasted from May 29, 2018, to July 31, 2018.
This represented about a third of the shares the telecoms giant made available in an initial public offering.
Even though MTN failed to sell all the shares on offer, the proceeds were more than three times larger than the previous biggest IPO in Ghana, when Agricultural Development Bank Ltd. raised GH¢326 million in December 2016.
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