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Panic As MTN Set To Leave Two African Countries - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessPanic As MTN Set To Leave Two African Countries (341 Views)

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Panic As MTN Set To Leave Two African Countries by Abbazamzas(op): 4:49pm On Mar 27, 2024
This is as MTN Group revealed that it has accepted an undisclosed offer from Africa-focused telecommunication service, Telecel, for the sale of its equity interests in MTN Guinea-Bissau and Guinea-Conakry.

Telecommunication giant, MTN Group, has revealed that it looks to exit African countries it described as smaller markets in the West and Central Africa region.

This is as MTN Group revealed that it has accepted an undisclosed offer from Africa-focused telecommunication service, Telecel, for the sale of its equity interests in MTN Guinea-Bissau and Guinea-Conakry.

MTN made the revelations in its 2023 financials, as its spokesperson confirmed the sale of the business segments but declined to speak on how much the sale would cost.

MTN in the report said its Guinea-Bissau and Guinea-Conakry businesses have been classified as held for sale as of December 31, 2023.

https://www.hawkersv.com/2024/03/panic-as-mtn-set-to-leave-two-african.html
Re: Panic As MTN Set To Leave Two African Countries by immortalcrown(m): 4:52pm On Mar 27, 2024
They leave where they don't make money.
Re: Panic As MTN Set To Leave Two African Countries by Oloki: 4:53pm On Mar 27, 2024
When are they leaving Nigeria?
Re: Panic As MTN Set To Leave Two African Countries by thesicilian: 5:05pm On Mar 27, 2024
So who's panicking?
Re: Panic As MTN Set To Leave Two African Countries by 2special(m): 5:54pm On Mar 27, 2024
Oloki:
When are they leaving Nigeria?
That will be the end of MTN likewise Dstv
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