Sunday, February 25, 2024
No menu items!

Etisalat Nigeria shares for sale

Must Read

Premium Telecommunications Holdings Limited (PTHL) is offering for sale shares in Etisalat Nigeria, totaling around 17.5% holding in the company.

The offer priced at US$10 per share, is worth around US$350 million or N56 billion at a conversion rate of N160 to the dollar.

The placement is being done to enable a greater number of Nigerian nationals and companies to participate in the opportunity. By acquiring shares in PTHL, potential investors will acquire indirect interests in Emerging Markets Telecommunications Services (EMTS).

Etisalat is a United Arab Emirates-based provider of telecommunications services and a publicly listed company on the Abu Dhabi Securities Market with a market capitalisation of US$27 billion as of September 30, 2008. The company was established in 1976 and 60 percent is owned by the United Arab Emirates government with the balance owned held by the public.

1 COMMENT

  1. Its a good move in right direction but the stock market analyst should look for a way that the public will benefit considerably maybe by making the offer available to more nigerians to parcitipate and also more awarness is necessary

Comments are closed.

- Advertisement -

5 Ways in Which Employee Portals Can Enhance Productivity

Every successful business and company nowadays have a dedicated employee self-service portal because it has become the need of...
Latest News
- Advertisement -

More Articles Like This

- Advertisement -