https://dailynigerian.com/mtn-exits-ghana-uganda/
MTN exits Ghana, Uganda

by Maryam Hassan January 2, 2020
MTN-Nigeria


MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East.

Clashes with regulators in Nigeria, Uganda and elsewhere have crimped growth, prompting the company to announce a $1 billion three-year asset-disposal plan earlier this year.



MTN said it had agreed to sell its 49 per cent holdings in Ghana Tower Interco B.V. and Uganda Tower Interco B.V. to AT Sher Netherlands Coöperatief U.A. for $523 million.



The sale is expected to close in Q1 2020, leaving MTN with a profit of six billion rands ($425.74 million).

The company also said it had finalised the redemption of MTN Nigeria preference shares, raising $315 million.

MTN said it will use the proceeds to pay down its U.S. dollar-denominated debt and for general corporate purposes.

As long as they're from South Africa they can very well exit all African countries and they won't be missed.

South African is no longer part of Africa as far as I'm concerned.

Nigerian is next

GraGra247:
As long as they're from South Africa they can very well exit all African countries and they won't be missed.

South African is no longer part of Africa as far as I'm concerned.

Ghana and Uganda are not profitable that's why MTN is focusing on profitable Markets.

Speak for your self,

By the way south africans dontdont care what you think of them. We got our neighbors

.

GraGra247:
As long as they're from South Africa they can very well exit all African countries and they won't be missed.

South African is no longer part of Africa as far as I'm concerned.

SA companies currently doing business in Ghana include AngloGold Ashanti
Goldfields
SABMiller
Engen
Hytec Engineering
Afripa Telecom
African Explosives Limited
Multichoice
Alliance Media
Steeledale
Stanbic Bank
Shoprite Checkers
Sherwood
Steers
SAA
3M South Africa
Game
Edgars
Mr Price
Woolworths
Truworths
Jet
Pick n pay
Fruit and veg city
IDENTITY
Foschini
Studio 88
Dstv multichoice
Sasol
Etc...

Plus all the malls owned by south africans like Accra mall, Achimota Retail Centre, Westhills Mall, kumasi city mall etc


Do youyou know how many people are employed by these companies?

Do you know how they will impact the economy! Unemployment rate if they are all to leave the country like Ghana?

Austine1212:



SA companies currently doing business in Ghana include AngloGold Ashanti
Goldfields
SABMiller
Engen
Hytec Engineering
Afripa Telecom
African Explosives Limited
Multichoice
Alliance Media
Steeledale
Stanbic Bank
Shoprite Checkers
Sherwood
Steers
SAA
Hollywoodbets
Edgars
Mr Price
Woolworths
Truworths
Jet
Pick n pay
Fruit and veg city
IDENTITY
Foschini
Studio 88
Dstv multichoice
Sasol
Etc...

Plus all the malls owned by south africans like Accra mall, Achimota Retail Centre, Westhills Mall, kumasi city mall etc


Do youyou know how many people are employed by these companies?

Do you know how they will impact the economy! Unemployment rate if they are all to leave the country like Ghana?

Must be more?

digitalpaulhans:




Must be more?

What do you mean by this?

Austine1212:


Ghana and Uganda are not profitable that's why MTN is focusing on profitable Markets.

Speak for your self,

By the way south africans dontdont care what you think of them. We got our neighbors

Ghana is the second most profitable buisness of MTN bar Nigeria in west africa and third in africa. bar Nigeria and south africa. . Ghana goverment regulation is becoming Unsustainable for MTN. ain't this decision. as I speak, over 30 percent shares of MTN Ghana equity are owned by Ghanaian. saying Ghana is not profitable is not true. MTN record large chunk of profit by the close of last year.

Austine1212:


What do you mean by this?

Is there not more businesses then these?

digitalpaulhans:


Is there not more businesses then these?

There is more over 100 big companies I just stated the more popular ones

vaxx1:
Ghana is the second most profitable buisness of MTN bar Nigeria in west africa and third in africa. bar Nigeria and south africa. . Ghana goverment regulation is becoming Unsustainable for MTN. ain't this decision. as I speak, over 30 percent shares of MTN Ghana equity are owned by Ghanaian. saying Ghana is not profitable is not true. MTN record large chunk of profit by the close of last year.

How many subscribers in Ghana?

Austine1212:


How many subscribers in Ghana?

21.3 million

vaxx1:
21.3 million

Maybe business environment is no longer favorable