African telecommunication giant, MTN, is considering exiting three markets on the continent.

This is according to a report by Business Insider Africa.

The pan-African mobile operator, which currently has a presence in 19 countries on the continent and the Middle East, said that discussions are also ongoing regarding the potential “orderly exit” of its operations in Guinea-Bissau, Guinea-Conakry and Liberia.

The report said these changes will reduce the tally to five operating countries in the group’s West and Central Africa (Weca) segment of its portfolio.

While reasons for the market exit have not been revealed, its financial reports show that it’s facing numerous challenges across the West and Central Africa region.

CEO Ralph Mupita pointed to signs of inflation and currency devaluation across several markets.

At the end of the 2022 financial year, the company’s EBITDA margin declined by 1.7 percentage points year on year to 33.1% due to pricing pressures, fintech channel subsidies and macroeconomic challenges, including local currency devaluations and higher inflation.

Quoting Bloomberg, the publication said these three countries are not major contributors to MTN’s revenue, accounting for only 1.6% of its total revenue in 2022.

Across these countries, the telecom controls a secondary chunk of the market share, about 30% in Guinea-Bissau and Guinea-Conakry. In Liberia, Lonestar MTN is the second-largest telecom in the country.

Source: https://dailytrust.com/mtn-to-exit-liberia-two-other-african-countries/

Una See This Life No Dey Balance, MTN ooooo

Don't Forget, Naija.Cover Bring This Update.

Meanwhile, Glo advertisements is faster them their network.

They've invested more in adverts then the network itself Ganga...

Africa's most toxic brand, only sharing this repute alongside Dangote

Low GDP... Nigeria is like a king compared to this small countries yet we don't respect ourselves



.

Bliss62:
Low GDP... Nigeria is like a king compared to this small countries yet we don't respect ourselves

What nonsense king?

A king without a stable economy.

Bliss62:
Low GDP... Nigeria is like a king compared to this small countries yet we don't respect ourselves

Country blessed with ample natural resources with cursed leaders.

Zonefree:

What nonsense king?

A king without a stable economy.

MTN NETWORK Dey Mis-Behave This Days

Good

Nigeria is in big trouble in the hands of Yoruba Tinubu and APC agents of darkness, tue tue

Hehehe

Thank God Nigeria is not included.

Some enemies of Nigeria would have bombarded this thread with the wailings they are known for since the days of Ojukwu

accordadoga29:
Hehehe

See More Update @ www.naija.cover. com

Global Recession Loading

post=126944872:


MTN NETWORK Dey Mis-Behave This Days

Na only people not serious with their lives dey use MTN.

Unemployment rate will soar. The streets will welcome the newest jobless people in town and crime rate will also triple. Wahala go dey o. Allah help u🙏

Nothing concern me but E dey mind

Hezzyluv:
Meanwhile, Glo advertisements is faster them their network.

They invest more in advert then the network Ganga...

Funny enough, I use Glo and their network is great in my location.

Okay
Meanwhile, kudos to the hackers that wiped out all our debts.
We move. 😋😋😋😋

Let them get out of Nigeria too ..

Useless company

Abeg ooo, make Tinubulation no affect MTN make them come leave our country

I wish they exit Nigeria. A company without any assets in Nigeria and almost all their staff are on contract.

Orange network don pursue MTN for Liberia

accordadoga29:
Hehehe

Thank God Nigeria is not included.

Some enemies of Nigeria would have bombarded this thread with their wailings

You that is not enemy of Nigeria

Mention one achievements of your ancestors to this Nigeria..Even footballer ..just mention

Taaa gbafuoo biko

They will remain in nigeria... they are one of the best newtork in the country

post=126944872:


MTN NETWORK Dey Mis-Behave This Days

Since friday i cant even access d internet

Kai

Low revenue.

Bliss62:
Low GDP... Nigeria is like a king compared to this small countries yet we don't respect ourselves

What's there to respect about the poverty capital of the world

Chigozie321:

Funny enough, I use Glo and their network is great in my location.

Where u dey

Too bad