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Crystal share value soars despite plans to wind up

Crystal Telecom.

Once Crystal Telecom is delisted, its shares in MTN Rwandacell will be distributed to its shareholders on a 1-for-1 basis. PHOTO | FILE | NMG

By  Kabona Esiara

Correspondent

Nation Media Group

The value of Crystal Telecom Ltd (CTL) stock increased 110.5 percent, ahead of delisting and winding up of the company on May 4, 2021, fuelled by optimistic sentiments of investors.

The Crystal Telecom share price hit a record high of Rwf200 ($0.20) from an average of Rwf95 ($0.096) for the past 12 months to first three weeks to April, below the telecom issue price.

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