MTN Group has sold its equity interests in MTN Guinea-Bissau and Guinea-Conakry for an undisclosed sum to Africa-focused telecommunication service, Telecel.
The sale signals the company’s exit from smaller markets in the West and Central Africa (WECA) region
Why This Matters
This move will allow MTN to focus on Ghana, Cameroon, and Cote d’Ivoire, stronger markets in the West and Central Africa region which collectively contribute 18.6% to the group’s revenue, over other West and Central African (WECA) countries that contribute 7.3% to the firm.
Source: Tech Cabal
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