MTN Group Limited has announced the successful sale of its operations in Guinea, known as MTN Guinea-Conakry, to the State of Guinea.
The transaction was finalized on December 30, 2024, marking a significant milestone for the telecommunications giant.
The sale aligns with MTN’s Ambition 2025 strategy, which emphasizes portfolio optimization and simplification to focus resources on markets with high growth potential.
MTN Group President and CEO, Ralph Mupita, highlighted the significance of the transition, stating, “This milestone marks a new phase for MTN Guinea-Conakry under local ownership. We thank the staff, customers, regulators, and broader stakeholders in Guinea for their support during our time in the country.”
He further noted that the decision to divest from Guinea was part of MTN’s broader strategy to simplify its portfolio and allocate capital to markets where it can make a more meaningful impact, ensuring sustained growth and returns.
The conclusion of the sale represents a new chapter for MTN Guinea-Conakry, which will now operate under local ownership. MTN’s decision is seen as a strategic move to realign its business priorities while fostering opportunities for local players to take a more active role in Guinea’s telecommunications sector.
MTN’s Ambition 2025 strategy underscores the company’s commitment to streamlining operations and enhancing its presence in markets where it can drive significant change, positioning the company for long-term success.
