Crystal Telecom Rwanda

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Crystal Telecom Rwanda, commonly referred to as Crystal Telecom, is a Rwanda Stock Exchange listed company with its headquarters in Kigali, Rwanda. The firm holds a 20 percent stake in MTN Rwandancell as its only investment.[1]

History[edit]

Crystal Telecom was formed in 2013[1] when Rwanda based investment firm Crystal Ventures span off its shareholding in MTN Rwandantell to its newly incorporated subsidiary with the aim of disposing it through an IPO. The IPO was conducted in June 2015 and was over-subscribed by 123%.[2] The company's shares started trading on the RSE on July 17, 2015 making it the third local firm to list on the exchange.[3]

See also[edit]

References[edit]

  1. ^ a b "About Crystal Telecom". Crystal Telecom. Retrieved 2015-09-30.
  2. ^ Mwai, Collins (June 17, 2015). "Crystal Telecom IPO oversubscribed by 123%". New Times. Retrieved September 30, 2015.
  3. ^ Gasore, Ben (July 14, 2015). "Market gears up for Crystal Telecom listing on Friday". New Times. Retrieved September 30, 2015.