(Reuters) – MTN Group plans to proceed with a public offer to sell up to 575 million shares in its Nigerian business, the South African telecoms operator said on Thursday as it reported a surge in third-quarter revenue and core profit.
The company said the offer will open this month with a bookbuild to institutional investors, after which a fixed price will be announced for retail investors.
(Reporting by Priyanshi Mandhan and Muvija M in Bengaluru; Editing by Subhranshu Sahu)
