Econet Wireless said to be discussing restructuring and an IPO

21 September 2018

Mergers, Acquisitions and Financial Results

Econet Wireless Group, which controls Econet Wireless Zimbabwe and pan-African network operator Liquid Telecom, is rumoured to be in talks over a possible restructuring of its business. A report from Bloomberg, which cites two unnamed sources, says the discussions could relate to a potential initial public offer (IPO) for Liquid Telecom or a London share listing for Econet Wireless Group itself.

 

The group has issued a statement urging shareholder caution when trading its securities as it is ‘engaged in discussions and is considering various proposals which, if implemented, may have a material impact on the value of the Company’s shares’.

Source: Bloomberg