Africa’s greatest cell phone firm, MTN Group is within the early levels of deliberations to divest a few of its smaller operations in West Africa as its focuses on core markets, citing folks accustomed to the matter stated.
The telecom large is at present reviewing its portfolio within the area to determine which belongings may be offered off. Nevertheless, the corporate’s belongings in Nigeria and Ghana, its largest markets in West Africa, aren’t included on this evaluation, the sources confirmed.
The sources who selected to not be recognized stated the evaluation remains to be in its early levels, and there’s no certainty it’ll lead to divestments. MTN has since stated the corporate would talk any intentions to get rid of belongings publicly to its stakeholders.
Based mostly in Johannesburg, with a presence in a number of West African nations together with Benin, Guinea-Bissau, Guinea, and Liberia, the corporate has been centered on its operations in Africa since 2020.
As a part of its efforts to give attention to its native market – Africa, MTN divested its operations in Syria and Yemen final 12 months. The corporate additionally offered its Afghanistan enterprise to M1 NewVentures for $35 million in November 2022.
