MTN receives conditional approval to sell Afghanistan business
The sale is expected to conclude by the end of the year
14 August 2023 - 14:32
MTN Group is one step closer to exiting its business interests in the Middle East, announcing that it has received conditional approval from authorities in Kabul to sell its Afghanistan unit. The sale is expected to conclude by the end of 2023.
MTN, which has developed a reputation for conquering emerging-market countries that few dare to touch, is in the process of exiting businesses in the Middle East region — including Syria, Yemen and Iran — as part of a five-year slim-down plan unveiled in 2019 to reduce risk, sell noncore assets such as towers and masts, and raise about R25bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.