MTN receives $35 million offer for Afghanistan unit

Ralph Mupita - President and CEO, MTN Group

MTN Group CEO Ralph Mupita said on Thursday that the mobile operator has received a US$35 million binding offer for its Afghanistan business as part of plans to exit the Middle East and focus on less risky African operations.

Mupita told journalists on a news call that the completion of the transaction will conclude the exit of the Middle East markets, while the 49% financial investment in Irancell will continue to be managed within the MTN portfolio.

More soon…


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