Telecel Group Mobile and MTN Group have announced the completion of the transfer of MTN Guinea Bissau (“Spacetel”) to Telecel, marking a new chapter in the telecommunications landscape of the West African country.
Telecel Group Mobile is owned by the Telecel Group and all of its assets are fully managed by Telecel Group.
The acquisition process, which was closely monitored and approved by the regulator – Autoridade Reguladora Nacional (ARN), signifies Telecel’s commitment to expanding its footprints in the West African region.
“With this acquisition by Telecel Group Mobile, Telecel Group reaffirms its dedication to expanding its management footprint in Africa and delivering high-quality telecommunications services to the people of Guinea Bissau,” the statement said.
President and CEO of MTN Group, Ralph Mupita expressed satisfaction with the completion of the transaction, saying “We are delighted to hand over the reins of MTN Guinea Bissau to Telecel Group, a company with a strong track record. This disposal aligns with our strategic priority to accelerate portfolio transformation.”
Mupita thanked MTN staff, customers and stakeholders in Guinea Bissau for their support over the years and expressed confidence that Telecel will build on the solid foundation MTN has established in that country.
Telecel Group CEO, Moh Damush, highlighted the significance of the acquisition by Telecel Group Mobile, saying “We are excited to officially welcome MTN Guinea Bissau into the Telecel family of managed networks. This is a testament to our commitment to the African market and our vision of connecting people through reliable and innovative telecommunications solutions. We are dedicated to providing exceptional services that will enhance connectivity and support economic growth.”
Regulatory Compliance and Future Plans
The statement t said Telecel Group Mobile, under the management of Telecel Group, has successfully fulfilled all the technical and financial requirements stipulated by the ARN, ensuring a seamless transition and continued adherence to the highest industry standards.
It said the acquisition will not only enhance Spacetel service offerings but also introduce new technologies and infrastructure improvements to benefit the consumers and businesses in Guinea Bissau.
As part of its commitment to the local community, Telecel Group Mobile said it plans to invest in expanding network coverage, improving service quality, and launching new
products tailored to the needs of Guinea Bissau’s diverse population. This strategic investment aims to encourage digital inclusion and drive economic development in the
region.
MTN Guinea Bissau is the second West Africa acquisition by the Telecel Group, following its acquisition of Vodafone Ghana over a year ago.
