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Friday, 26th October 2007 at 9:36 pm

Are MTN next?

After the Standard bank deal yesterday with the ICBC, it now looks like Sub-Saharan Africa’s largest mobile phone operator, MTN, could be a potential takeover target for China Mobile.

Shares in MTN jumped over 6% today due to the speculation of this potential takeover from Mobile China which is the worlds top cellular carrier by subscribers.

We will continue to keep an eye on this for the next couple of days and see where it leads to. The market was correct about speculating on Standard Bank, so we are guessing that something is definitely being lined up with regards to MTN. Maybe it is advisable to hurry and go buy some MTN shares now.