MTN Group Limited has announced the sale of its Guinea-Conakry operations to Guinea.
This move aligns with the telco’s Ambition 2025 strategy to optimize and simplify its portfolio, focusing on markets where it can drive significant growth and returns.
The announcement, made by MTN Group President and CEO Ralph Mupita, marks the second major divestment by Africa’s largest mobile operator this year. In August 2024, MTN completed the sale of its Guinea-Bissau subsidiary to Telecel Group Mobile Limited.
“This milestone marks a new phase for MTN Guinea-Conakry under local ownership,” said Mupita. “We thank the staff, customers, regulators, and broader stakeholders in Guinea for their support during our time in the country. Concluding this transaction is in line with our strategy to simplify our portfolio and allocate capital to markets where we can make a meaningful impact.”
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The sale is part of MTN’s broader effort to streamline its operations. Earlier this year, the company exited its Middle Eastern operations with the sale of MTN Afghanistan, and it continues to assess options for its presence in West and Central Africa. Reports suggest MTN is exploring exits from three additional countries in the region due to operational challenges.
Mupita had previously disclosed that MTN received unsolicited offers for its equity stakes in both Guinea-Conakry and Guinea-Bissau. Following regulatory approvals, the deals have now been concluded, signalling a strategic shift for the telco.
MTN’s decision to divest from these markets reflects its focus on enhancing long-term growth and delivering value to shareholders, as the company navigates complexities in some of its smaller African markets.
