The South African telecom group is considering opening up its mobile money arm to investors. Ralph Mupita, MTN Group’s CEO, announced the move on April 12.

He explained that at valuations similar to Airtel’s, MTN’s mobile money arm would be worth R75 billion, or about $5 billion. He stressed, however, that no decision has been made yet, but an IPO will be an option to consider if it proves to be the best approach to unlocking value.

For more information, please see https://www.ecofinagency.com/telecom/1304-42520-mtn-group-mulls-over-opening-up-momo-business-to-investors