Crystal Telecom Rwanda, commonly referred to as Crystal Telecom, is a special purpose vehicle company of Crystal Ventures, a holding company owned by the Rwandan presidential party, Rwandese Patriotic Front. It is listed on the Rwanda Stock Exchange with its headquarters in Kigali, Rwanda. The firm holds a 20 percent stake in MTN Rwandancell as its only investment.[1]
History
Crystal Telecom was formed in 2013[1] when Crystal Ventures, a holding company owned by the Rwandese Patriotic Front, the Rwandan presidential party, spun off its shareholding in MTN Rwandantell to its newly incorporated subsidiary through an IPO. The IPO was conducted in June 2015 and was over-subscribed by 123 percent.[2]
Crystal Telecom is a