MTN has agreed to sell its stake in a Belgian telecoms operator for R1.8bn, as part of an effort to reduce debt and focus on its business in Africa.

The sale is part of the group’s asset restructuring programme, launched in March 2019, which aims to reduce debt, simplify the group’s portfolio, reduce risk, improve returns and realise capital of at least a further R25bn over three to five years...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now