MTN Group further increases shareholding in MTN Uganda

The MTN Group has announced that it has further increased its shareholding in MTN Uganda and now owns 97.34% shareholding through the successful acquisition of all of Tri-Star Investments S.A.R.L’s 12.89% stake in the operation for a cash only consideration of US$55 million. Tri-Star is a Rwanda-based investment holding company.

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Oluniyi D. Ajao
Oluniyi D. Ajao is an Internet Entrepreneur and Tech Enthusiast. Follow him on X (fka Twitter) @niyyie for more tech updates.

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