MTN sells stake in $5.2 billion fintech biz

MTN has agreed to sell a minority stake in its financial services business to global payments giant Mastercard in a deal that could be worth a substantial sum.
The African telecoms group disclosed the deal alongside its first half results – which showed a strong fintech business performance despite some challenges, incidentally – but did not provide much information at this stage.
“Following the bespoke process to identify and potentially introduce strategic minority investors