Browsing: MTN cedes MTN Guinea-Bissau and MTN Guinea-Conakry to Telecel.

  • MTN is divesting its stakes in Guinea-Bissau and Guinea-Conakry to Telecel.
  • The telco giant will now shift more focus on rising markets Ghana, Cameroon, Nigeria, and Cote d’Ivoire.
  • With the exception of Cameroon, these three markets account for a combined 18.6% of the Group’s revenue.

South African tech heavyweight MTN has unveiled a key shift in its market strategy involving the divesture of its stakes in Guinea-Bissau and Guinea-Conakry businesses to Telecel.

This move is poised to mark a strategic change in bolstering MTN’s presence in Africa in what is perceived as stronger markets within the West and Central …