MTN receives binding offer for Afghan division

11 Aug 2022

South Africa’s MTN Group has received a binding offer for 100% of its shares in MTN Afghanistan for a consideration of approximately USD31 million, the company has confirmed. The identity of the buyer was not disclosed but the operator expects the transaction to be concluded within roughly six months. The sale will mark the completion of the group’s planned exit from its consolidated Middle East markets following the sale of its business in Yemen and the loss of its Syrian operations last year.

Afghanistan, MTN Afghanistan, MTN Group