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Press Release 1 minute to read

Exit from MTN Côte d’Ivoire

Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the exit from its investment in MTN-CI. The investment was made in 2009 through PCI, an investment…

CAURIS CROISSANCE EXITS MTN CÔTE D’IVOIRE (MTN-CI)

Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the exit from its investment in MTN-CI. The investment was made in 2009 through PCI, an investment holding company domiciled in Mauritius. It generated a cumulative return of more than 2.5 times the amount initially invested.

About MTN-CI

MTN-CI is a subsidiary of the South African operator MTN and provides mobile, fixed-line and internet services to more than 6.5 million subscribers.

Cauris Management’s view following this exit from MTN-CI

Noël Eklo, Chairman and Chief Executive Officer of Cauris Management, commented: « we remain confident about the future and the potential of MTN-CI, and the company should continue to grow for the benefit of all its stakeholders. MTN-CI will keep investing to maintain a reliable, good-quality network for its subscribers ».

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