Nigeria's Starcomms gets $210 mln from investment group

LAGOS Wed Oct 31, 2012 12:13pm EDT

LAGOS Oct 31 (Reuters) - Nigeria's Starcomms has agreed a $210 million investment deal with investor group Capcom Limited for a 90.5 percent stake in the telecom business, the stock exchange said on Wednesday.

Under the deal, Capcom will merge the assets of privately-held telecom firms MTS and Multi-links with Starcomms, Nigeria's only listed telecoms company, and provide $98 million to finance their integration.

Nigeria's telecom regulator told Reuters this month that three of its CDMA mobile operators - Starcomms, Multi-links and MTS - were seeking approvals to merge. (Reporting by Chijioke Ohuocha; Editing by Tim Cocks)

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