Crystal Telecom listing tomorrow

Crystal Telecom will list on the Rwanda Stock Exchange tomorrow, a day earlier than the scheduled July 17 will be Eid-al-Fitr, a Muslim holiday marking end of Ramadhan, a statement from the firm indicates. The firm’s shares are expected to start trading at 9am tomorrow at the bourse, making the entry of the first private sector firm listing in Rwanda. “The provisional Crystal Telecom listing date as set out in the company prospectus was scheduled for Friday July17. However, due to the uncertainty as to whether Eid al-Fitr will fall on that date, it was considered in the best interests of the new investors to bring forward the listing to today,” the statement said. Jack Kayonga, the Crystal Ventures chief, said the secondary market listing gives those who missed the Crystal Telecom Initial Public Offering (IPO) an opportunity to buy Crystal Telecom shares and, “therefore, indirectly own a sharepart of MTN Rwanda our largest and most successful telecom operator”. Crystal Telecom, which holds 20 per cent of MTN Group telecom subsidiary, MTN Rwanda, was fully sold to the public last month when its parent firm, Crystal Ventures, offered its shares.

Latest News

Crystal Telecom listing tomorrow