Telecom Italia may bid for the pan-African cellular operator MTN (Africa, Italy)

Telecom Italia reportedly could make a surprise bid for the pan-African cellular operator MTN. A local media reports that the Italian telco is considering making an offer for the Johannesburg-based cellco. This bid could be financed through the spin-off of Telecom Italia’s network operations and offers USD7.3 billion of new shares to foreign investors, report said.
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