MTN Group Limited has concluded the sale of its operations in Guinea (also known as MTN Guinea-Conakry) to the State of Guinea.
According to BusinessDay, the deal was concluded on 30 December 2024 and aligns with the telco’s strategy to simplify its portfolio and allocate capital to markets where it can make a meaningful impact, ensure long-term growth, and returns.
Ralph Mupita, MTN Group president and chief executive officer, said, “This milestone marks a new phase for MTN Guinea-Conakry under local ownership, and MTN thanks the staff, customers, regulators, and broader stakeholders in Guinea for the support during the time MTN has been operational in the country.”
