MTN Group Ltd.�s Ghana business is considering a local stock-exchange listing as a way to increase local ownership, the unit�s Chief Executive Officer Serame Taukobong told reporters Tuesday in the capital, Accra.
�The issue will be the ability of the market to take that up and the sustainability of such an interaction,� he said, adding that a decision isn�t imminent. �If you look at how we�ve done in most of our operations, definitely local participation will be the next chapter.�
MTN, Africa�s largest wireless carrier, has operations in 22 countries on the continent and the Middle East and increased Ghanaian subscriber numbers by 7.1 percent last year to 13.9 million.
The Johannesburg-based company has more than 50 percent market share in the West African country. MTN is also considering a local listing in the Zambian capital, Lusaka, the Post newspaper reported last month.
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