Monday, February 22, 2010

MTN "Could Be Planning Move to Dubai"

No confirmation or denial has been given by mobile operator MTN regarding its plans to abandon SA in favor of Dubai, a location closer to its higher revenue earners.

It has been speculated that company plans to move its group operations out of the country and eventually delist from the Johannesburg Securities Exchange. It may leave the local business as a subsidiary of the company, or even up for sale.

MTN is already registered in the Middle Eastern country which is said to be the head office for its Middle East and North African operations.

Several MTN groups operation unit has been quietly moving its operations without making any local splash about the plans.

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