MTN to leave Afghanistan before end of year
Company is slimming down in the Middle East and is focusing on a deal with Mastercard
Africa’s largest mobile operator MTN plans to leave Afghanistan by the end of the year with its exit from the west Asian country in the “regulatory approval stages”.
The move is part of the group’s plans to withdraw (https://www.businesslive.co.za/bd/companies/telecoms-and-technology/2023-08-14-mtn-receives-conditional-approval-to-sell-afghanistan-business/) from 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...
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