MTN and Investcom to create leading telecoms group in Africa and Middle East

The MTN Group Limited (“MTN Group”) and Investcom LLC (“Investcom”) today announced a landmark deal to create the pre-eminent mobile operator in the emerging markets of Africa and the Middle East. The companies have reached agreement on a transaction through a recommended offer in which the MTN Group will offer to acquire the entire issued share capital of Investcom, which is listed in Dubai and London, for a total consideration of US$5.526 billion (R33.5 billion*).