MTC, LSE flotation plan
Kuwait: Saturday, October 21 - 2006 at 11:38
Kuwait's Mobile Telecommunications Company International, a wholly owned subsidiary of MTC, is looking to float its shares on the London Stock Exchange next year, according to the UK based magazine The Business and cited by the Khaleej Times. MTC has apparently hired UBS to manage the IPO which is expected to raise around $500m. The money would be used to further the company's growth plans in the Mena region.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, October 21 - 2006 at 11:38 UAE local time (GMT+4)
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This Article was updated on Monday, October 23 - 2006
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