MTN Group in a press release stated that it has finalized the sale of its Guinea-Conakry operations to the State of Guinea on December 30, 2024.
Why it matters
This move aligns with MTN’s Ambition 2025 strategy to streamline its portfolio and focus on markets that promise long-term growth and returns.
What they’re saying
“Concluding this transaction is in line with the strategy to simplify the portfolio and allocate capital to markets where we can make a difference as MTN and deliver long-term growth and returns,” said Ralph Mupita, President and CEO of MTN Group.
The big picture
MTN expressed gratitude to its staff, customers, regulators, and stakeholders for their support during its time in Guinea.
The transition to local ownership represents a new chapter for the country’s telecom sector.
What’s next
MTN continues to pursue its goals of portfolio optimization and market focus under its Ambition 2025 strategy.
