Abidjan, Ivory Coast, 5 December 2013: Emerging Capital Partners (ECP) today confirmed that it has exited its investment in MTN Côte d‟Ivoire (MTNCI), the leading mobile network operator in Ivory Coast, through Planor Capital International (PCI). Planor Capital International is a Mauritian investment vehicle and is the second largest shareholder in MTNCI. The investment delivered a cash multiple of 2.6x on exit, returning over $80 million in capital. MTNCI – a subsidiary of South Africa-based MTN – provides fixed line, mobile and internet services to over 6.5 million subscribers, capitalizing on the telecommunications sector‟s growth, which is underpinned by the rising trend for data provision and a diverse product base, such as mobile money. ECP‟s initial investment was made in 2007. During the holding period, ECP contributed to steering the board and facilitated the introduction of MTNCI to other potential partners.