Mtn Finalizes Sale Of Guinea Operations, Strengthening Strategic Focus

MTN Group, Africas largest mobile network operator, led by Zimbabwean executive Ralph Mupita, has finalized the sale of its operations in Guinea, known as MTN Guinea-Conakry, to the State of Guinea. The deal, completed on Dec. 30, 2024, forms part of MTNs ongoing strategy, aimed at streamlining its portfolio for enhanced efficiency and long-term value creation.

MTNs sale of its Guinea-Conakry operations underscores the companys commitment to optimizing its portfolio, a key component of recent leadership initiatives aimed at enhancing operational efficiency.

Describing the transition as a pivotal milestone for MTN Guinea-Conakry, CEO Ralph Mupita emphasized the significance of the move under its new local ownership. He expressed heartfelt gratitude to the employees, customers, regulators, and stakeholders in Guinea, acknowledging their invaluable support throughout MTNs tenure in the region.

This divestment aligns with MTNs strategic focus on simplifying its operations while reallocating capital to high-growth markets offering promising returns. Under Mupitas leadership, the group has maintained its position as Africas telecom industry leader despite economic challenges such as Nigerias currency devaluation.

MTNs diversification efforts continue to gather momentum, exemplified by a recent partnership with ORAN Development Company ODC to enhance network scalability and cost efficiency. The company is also advancing its mission to expand internet access in underserved regions through collaborations with low-Earth-orbit LEO satellite providers.