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South African GSM operator MTN announced on 2 May that it had entered into an agreement to acquire Beirut-based Investcom. MTN has offered $3.85 a share for the company, which recently staged an initial public offering (IPO) of shares that listed on the London Stock Exchange (LSE) and the Dubai International Financial Exchange (DIFX). The offer values Investcom at about $5,500 million (MEED 14:10:05).