MTN will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.

The impact of the Covid-19 pandemic on international financial markets doesn’t change the importance of selling part of the 79% shareholding to local investors, CFO Ralph Mupita said in an interview. However, the rest of a three-to-five year plan to dispose of R25bn of assets will probably take a back seat for now, he said...

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