MTN Group Completes Sale of Guinea Operations to State Ownership
The MTN Group has announced the finalization of its exit from Guinea-Conakry, transferring its operations to the State of Guinea as of December 30, 2024.
The divestment aligns with MTN’s Ambition 2025 strategy, which seeks to streamline its portfolio by focusing on high-growth markets and ensuring efficient capital allocation.
“Concluding this transaction is in line with the strategy to simplify the portfolio and allocate capital to markets where we can make a difference as MTN and deliver long-term growth and returns,” said Ralph Mupita, President and CEO of MTN Group.
The move marks a significant shift in Guinea’s telecom sector, with MTN transitioning ownership to local hands.
The Group acknowledged the efforts of its employees, customers, regulators, and stakeholders who supported its operations in the country.
MTN’s exit from Guinea is part of a broader agenda under Ambition 2025 to optimize its operations and focus on markets that offer sustained growth and profitability.
The sale underscores the Group’s commitment to strategic realignment as it continues to reshape its presence across the continent.
