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Sri Lanka bars Lyca telecom bid | Tamil Guardian

(Pic courtesy: Glassdoor) Sri Lanka has barred the Tamil-owned telecoms company Lycamobile from the bidding of the government’s shares in Sri Lanka Telecom PLC, stating the company 'failed to qualify', leaving only India’s Jio Platforms Ltd and Chinese firm Gortune International Investment in the running.

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Mastercard to Buy Stake in MTN s $5 2 Billion Fintech Unit

(Bloomberg) MTN Group Ltd., Africa’s biggest wireless carrier, said Mastercard Inc. agreed to take a minority stake in its financial-technology business, which the company values at $5.2 billion. Shares rose as much as 10%. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel

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Mastercard to buy stake in MTN s fintech unit

Mastercard has agreed to take a minority stake in the financial-technology business of MTN Group, the largest wireless carrier in Africa, which the latter values at $5.2bn. Shares in MTN rose as much as 10%, following the announcement. The deal will be structured in two parts: a commercial agreement to use Mastercard s technology infrastructure to develop MTN s offerings and the investment into a minority stake.

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Mastercard to Acquire Minority Stake in MTN s Fintech Business

Mastercard to Acquire Minority Stake in MTN s Fintech Business
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Saudi s PIF Acquisitions Speak of Accelerated Economic Diversification

The PIF has initiated a number of major projects that are fully owned by the government institution, most noteworthy are the NEOM smart city by the Red

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