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MTN forms e-commerce venture with Millicom, Rocket Internet

2013-12-16 09:53:00| Telecompaper Headlines

(Telecompaper) MTN Group has announced a partnership with Rocket Internet and Millicom International to develop e-commerce in Africa through a joint venture called Africa Internet Holding (AIH). The three companies will fast-track the development of AIH using MTN's and Millicom's complementary footprints in Africa and Rocket Internet's know-how in online services. MTN, Millicom and Rocket Internet will each become 33.3 percent shareholders in AIH and will have equal representation on the board of the company.

Tags: internet forms venture ecommerce

Category:Telecommunications

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