Online and mobile applications and services: MTN Group joins the Game via Amadeus Partners. ($75m rose).

Official since July 15, 2013, with this new tool of investment, MTN Group shows it will of anticipation and its ability to harness, new trends. Connectikpeople has discovered that, the Fund will invest in
late stage venture and growth companies, predominantly in mature markets, developing online and mobile applications and services targeted at the rapidly expanding middle classes in Africa, the Middle East, Asia and Latin America.

“This investment in Amadeus’ new Fund will give us exposure to a range of opportunities in online and mobile applications and services relevant to the needs of the emerging middle class of consumer. Investment in companies that focus on those technologies that leap-frog current applications fits well with MTN’s focus of driving sustainable growth through data services and related opportunities.” Said Karel Pienaar, Group Chief Strategy and M&A Officer of MTN.

About Amadeus

Amadeus Capital Partners is one of Europe's leading technology investors. Since its inception in 1997, the firm has raised over £550m for investment and backed more than 85 companies in communications technology, cleantech, medtech, software, digital media and e-commerce, many of which sell into global markets. Major businesses built by Amadeus include CSR (LSE:CSR), the leading producer of single chip bluetooth radios for short range connections, Solexa, the developer of next generation genetic analysis systems, merged into Illumina (ILMN) to create the world-leader in gene-sequencing technology and Transmode (ST:TRMO), an optical networking solutions business.

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 30 April 2013, MTN recorded 197.4 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia.