MTN Nigeria’s Public Offer is designed to deepen relationship with our customers – By Ernest Ndukwe
It is my pleasure today to welcome you to the first retail investor roadshow for MTN Nigeria’s Public Offer to Nigerian retail shareholders. I am joined by representatives from Nigerian Exchange Limited including the CEO, Temi Popoola as well as members of the board of MTN Nigeria including MTN Group CEO, Ralph Mupita, Karl Toriola, the CEO MTN Nigeria and Modupe Kadri, the CFO of MTN Nigeria who will both talk you through our business, the offer, and why we are doing it.
The launch of this offer today is a true milestone in Nigeria’s telecoms sector, and in its broader economy. MTN Nigeria and the wider telecom sector’s journey of growth over the last 20 years represents a stunning success story and a demonstration of the opportunity that Nigeria represents for investors. It would not have been possible without a supportive enabling environment, and a government that recognises the importance of the evolution to a digital economy. The journey to build that truly digital economy has only just begun, there is still so much to do.
To be able to offer retail investors the chance to participate in that journey today is truly historic and representative of the MTN Group’s commitment to shared value. It is the MTN Group that are selling their shares today, and I want to thank Ralph Mupita, the MTN Group CEO for his commitment to embarking on this journey. The recognition that going on that journey with a wide, deep and supportive base of Nigerian shareholders is best for MTN, best for Nigeria and best for Nigerians, is groundbreaking and worthy of applause.
MTN Nigeria is only as successful as the strength of its relationship with its more than 68 million customers. The offer we are opening today is deliberately designed to ensure that we give those customers, and other Nigerians we hope will one day become customers, the opportunity to become shareholders and to deepen that relationship. I hope we have lots of MTN customers in the audience here today!
This roadshow is the first in a rapid tour that we have coordinated across Nigeria. It starts here today, but it will touch every state in the nation over the next two weeks. Every part of Nigeria will have the opportunity to attend a roadshow, see the presentation and ask questions. We are focused on ensuring that as many people as possible have the opportunity to participate.
I hope you enjoy the event today, and please feel free to ask any questions you have during the Q&A session.
Thank you again
- Ernest Ndukwe, the Chairman of MTN Nigeria delivered these remarks at the roadshow to launch the Public Offer of MTN Nigeria Ordinary Shares to Retail Investors.
