Vunderkind
Social Member
We have received news from TechMoran that MTN and Rocket Internet have gone on a buying-selling spree that may spell some serious changes in the ownership structure of Rocket Internet’s holdings. A few days after MTN bought 1/3 or Rocket Internet and Millicom International Cellular’s Africa ventures (which is registered as Africa Internet Holding, AIH), we hear that MTN has bought half of Rocket Internet’s MEIH, its Middle East Internet Holding for a total of 300 million Euros.
Just to be clear, the 300 million Euros is the total sum MTN spent buying both 1/3 of AIH and ½ of MEIH. It is expected that this is the precursor to a partnership between both companies, the result of which will be a strong internet venture in the Middle East. Currently, MEIH runs Easy Taxi, Lamudi, Hello Food and Namshi in the UAE, Saudi Arabia, Jordan, Lebanon, Bahrain, Oman, Kuwait and Qatar.
Speculators believe that this deal is a remarkable one because it combines Rocket Internet’s successful internet business models with MTN’s leadership in the telecoms frontier. The 300 million Euros will be invested in AIH and MEIH within the space of two to four years.
What do you think of this ‘partnership’ between MTN and Rocket Internet? Would this suggest that MTN may have eyes for Jumia? Might MTN be planning to buy Jumia as we speak, seeing as it (Jumia) is Nigeria's biggest Rocket brand?
Just to be clear, the 300 million Euros is the total sum MTN spent buying both 1/3 of AIH and ½ of MEIH. It is expected that this is the precursor to a partnership between both companies, the result of which will be a strong internet venture in the Middle East. Currently, MEIH runs Easy Taxi, Lamudi, Hello Food and Namshi in the UAE, Saudi Arabia, Jordan, Lebanon, Bahrain, Oman, Kuwait and Qatar.
Speculators believe that this deal is a remarkable one because it combines Rocket Internet’s successful internet business models with MTN’s leadership in the telecoms frontier. The 300 million Euros will be invested in AIH and MEIH within the space of two to four years.
What do you think of this ‘partnership’ between MTN and Rocket Internet? Would this suggest that MTN may have eyes for Jumia? Might MTN be planning to buy Jumia as we speak, seeing as it (Jumia) is Nigeria's biggest Rocket brand?
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