MTN Guinea operations, sharpening focus on growth markets

By Felicia Nwosu

MTN Group has officially divested its Guinean operations to the Guinean government, marking a strategic shift towards streamlining its portfolio. This move aligns with the company’s overarching strategy of concentrating resources and capital on markets where it can drive sustainable growth and maximize returns.

Ralph Mupita, MTN Group CEO, stated that, this strategic step would translate the company to a great height and new paradigm shift.

“This marks a new chapter for MTN Guinea under local leadership, expressing gratitude to the Guinean people, regulators, and the broader ecosystem for their support during MTN’s tenure in the country.”

According to the global brand, the sale to the Guinean government follows an earlier announcement in May 2023 regarding potential divestment in certain West African markets, including Guinea. This latest move comes amidst a challenging year for MTN, with service revenue declining by 18.5% in the first nine months of 2024.

As MTN navigates a dynamic operating environment, it is prioritizing its core markets, particularly its flagship operations in Nigeria and Ghana. This strategic realignment reflects the company’s commitment to optimizing its footprint and ensuring long-term success in a competitive telecommunications landscape

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