MTN hires JPMorgan to help it separate fintech unit

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MTN hires JPMorgan to help it separate fintech unit
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MTN Group is working with advisers at JPMorgan on the planned separation of its financial technology business, people with knowledge of the matter said.

working with advisers at JPMorgan Chase & Co on the planned separation of its financial technology business, people with knowledge of the matter said.

MTN is studying a variety of potential deals, including bringing in partners for some of its businesses as well as possibly listing certain units in the future, to unlock value and pay down debt. The carrier is also exploring options for its data centre business, the people said, asking not to be identified because the information is private.

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