MTN Group Sales Stake in Areeba Guinea S.A. to Telecel Group

MTN Group Limited (MTN) affirms that its wholly owned subsidiary, MTN Dubai Limited, has engaged in an agreement to sell its 75% stake in Areeba Guinea S.A. to Telecel Group. This strategic move aligns with MTN’s focus on optimizing its portfolio as part of the Ambition 2025 strategy.

It’s important to note that the sale is pending completion and is contingent upon certain conditions being met, including obtaining regulatory approvals from the authorities in Guinea.

MTN remains committed to collaborating with regulatory bodies to ensure compliance with all necessary requirements for transactions of this nature.

Importantly, MTN assures its customers in Guinea that the ongoing transaction will not disrupt the services provided to them. They can expect continued high-quality service without interruption

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