On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Dialogue Group and black-owned Tlhalefang Placement have formed a new company, Interaction Call Centres, to provide services to MTN worth R106m over 18 months. About 400 new jobs would be created in KwaZulu-Natal after MTN's decision to outsource its prepaid call-centre services in the region. Interaction would recruit, train and manage the new operatorsMTN's prepaid call-centre agents in Durban, Polokwane and Johannesburg handle 4-million calls a month.

- South Africa’s MTN Group has further increased its stake in MTN Uganda to 93.74%, following the successful acquisition of the entire 12.89% stake held by Rwanda-based Tri-Star Investments for USD55 million in cash. Earlier this month MTN Group completed the purchase of a 32% stake in MTN Uganda from Overseas Telecom, a subsidiary of TeliaSonera, for SKR1.2 billion (USD16.8 million). Both deals were conducted by MTN Group’s wholly owned subsidiary MTN International (Mauritius).