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Business MTN to raise $1-billion from asset sales, profit surgesShares in MTN jumped 7.2% to R81.70 by 0731 GMT, outperforming a 0.5% rise on the benchmark JSE Top-40 indexImage Credits : SABC News MTN ReutersReuters 7 March 2019, 11:21 <SAST>MTN Group plans to raise more than R15-billion rand in asset sales over the next three years, Africas biggest telecoms group said on Thursday after reporting a massive jump in 2018 profit.MTN, whose sh <a href=https://www.stanleycup.pl>stanley polska</a> ares surged more than 7% on the announcement, is reviewing its operations in some markets and its investments in e-commerce platforms, as part of a plan to focus on high-growth markets in the Middle East and Africa.As part of the review, the South African company has agreed to sell its minority stake in Botswanas Mascom for $300-million. It sold its sole European unit in Cyprus last year.MTN said its investments in tower companies and e-commerce platforms, such as African online retailer Jumia <a href=https://www.stanleycup.pl>kubki stanley</a> , were valued at R40-billion and would be sold as they were not long-term strategic assets. The group has committed to the portfolio review realizing more than R15-billion over the next three years, excluding any proceeds from its R23-billion position in IHS, the company said. IHS is a builder of cell phone towers.Shares in MTN jumped 7.2% to R81.70 by 0731 GMT, outperforming a 0.5% rise on the benchmark JSE Top-40 indexGrowth Plan Founded with government help <a href=https://www.stanley-cups.es>vaso stanley</a> after the end of apartheid in 1994, MTN has been one of South Africas bigges Hvhl We delightfully refer to our brand as India under one roof as we host some of the finest and rarest of weaves from different parts of the country: Raghuvar Seth, Taneira- A Tata Product
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