MTN Group has announced a partnership agreement that will enable Africa’s leading telecoms operator to extend online retail and other essential digital services on the African continent.
MTN has partnered with Rocket Internet and Millicom International Cellular to develop internet businesses in Africa through Africa Internet Holding (AIH), an exclusive vehicle to develop e-commerce businesses across the continent. MTN, Millicom and Rocket Internet will each become 33.3% shareholders in AIH.
Commenting on the transaction, Sifiso Dabengwa, MTN Group President and CEO, said: “We are excited to engage in a strategic partnership with Rocket Internet and Millicom to develop online ventures across the fast growing internet markets of Africa. Rocket Internet’s proven successful track record, coupled with Millicom and MTN’s leading mobile telecommunications position, will allow the partnership to capture the growth potential of the digital media space across our footprint in the region”.
source: www.biztechafrica.com
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