MTN sells its Guinea operations to the State of Guinea

MTN Group Limited (“MTN”) has announced the conclusion of the sale of its operations in Guinea (also known as “MTN Guinea-Conakry”), to the State of Guinea, on 30 December 2024. This transaction aligns with MTN’s focus on portfolio optimization and simplification, as part of the Ambition 2025 strategy.

MTN Group President and CEO, Ralph Mupita, stated: “This milestone marks a new phase for MTN Guinea-Conakry under local ownership, and MTN thanks the staff, customers, regulators and broader stakeholders in Guinea for the support during the time MTN has been operational in the country. Concluding this transaction is in line with the strategy to simplify the portfolio and allocating capital to markets where we can make a difference as MTN and deliver long-term growth and returns.”

MTN sells its Guinea operations

Inspired by Africa’s potential, MTN is committed to bridging the digital divide, furthering financial inclusion and advancing the attainment of the United Nations Sustainable Development Goals through its core business activities and support to governments, communities and customers. The UN SDGs target a sustainable society with a plan to end poverty, protect the planet and ensure equality for all by 2030.