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*Strive Masiyiwa To Sell Mascom Shares For 100 Pula* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?dg Econet founder, Strive Masiyiwa intends to sell shares to the public once he finalises the acquisition of MTN’s US$300 million stake in Mascom, Botswana’s largest mobile operator. This follows MTN’s announcement in March this year that it would sell its 53 per cent shareholding in Mascom. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- Mascom was the first telecoms company which Masiyiwa established and the name is short for Masiyiwa Communications. Speaking ahead of a Town Hall youth meeting alongside Botswana president Mokgweetsi Masisi in Gaborone set for Tuesday Masiyiwa said: > After a few months of negotiating, we reached a deal. I’m paying them $300m, which means they have done very well, as they originally paid less than $70m. > During our original bid, I told the government of Botswana that my vision was to take the company public once it was profitable. > I wanted to achieve something which I did in Zimbabwe, and sell shares to thousands of ordinary people. For the last 21 years, I have been unable to fulfil this promise because my company did not control enough shares. Now I can keep that promise. > As soon as we complete the acquisition of the MTN shares, I have already instructed our management to begin a sale process to ordinary Botswana citizens. > In what I hope will be the biggest public listing ever undertaken in Botswana, I want to sell shares to anyone who can raise about 100 Pula (about $10). According to a NewZwire report, Mascom holds an over 50% share of the Botswana mobile phone market with over 1.7 million subscriptions. Botswana President Masisi and Strive Masiyiwa *Related:* *Strive Masiyiwa Buys Back Mascom Botswana For $300 Million* *Strive Masiyiwa Says Pricing Goods In Rands Will End Distortions* *Strive Masiyiwa To Donate $600K To Cyclone Idai Orphans* *More: NewZwire* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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