{"id":17294,"date":"2023-05-11T10:25:53","date_gmt":"2023-05-11T10:25:53","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets"},"modified":"2023-05-11T11:06:45","modified_gmt":"2023-05-11T11:06:45","slug":"mtn-in-advanced-talks-to-sell-some-west-african-assets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets","title":{"rendered":"MTN in advanced talks to sell some West African assets"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>MTN Group is in advanced talks with Axian Group to sell some of its West African markets, according to people familiar with the matter, as Africa\u2019s largest mobile operator trims its portfolio.<\/p>\n

The companies are negotiating on prices for MTN\u2019s assets in Liberia, Guinea-Bissau and Guinea-Conakry, said the people, who asked not to be identified as the information is private. The deal has not been finalised, and there is no guarantee that a transaction will go ahead, they said.<\/p>\n

The three countries accounted for 1.6% of MTN\u2019s revenue in 2022, according to data compiled by Bloomberg. A representative for MTN declined to comment. A spokesperson for Mauritius-based Axian didn\u2019t have an immediate comment.<\/p>\n

MTN\u2019s Chief Executive Officer Ralph Mupita has been evaluating the company\u2019s portfolio as the mobile phone company narrows its focus and resources on core markets, which include its biggest West African assets, Nigeria and Ghana. MTN operates in 19 countries in the region, and has exited certain Middle Eastern businesses such as Afghanistan, Yemen and Syria.<\/p>\n

Africa, which has a young population and a burgeoning market for smartphones, has proved to be an attractive place for companies targeting telecom deals. In 2022, Axian bought Millicom International Cellular\u2019s Tanzanian operations. The firm\u2019s telecommunications unit has invested in towers, undersea cables, data centers, financial technology as well as a number of phone operators in countries such as Madagascar and Senegal.<\/p>\n

South Africa\u2019s Vodacom Group attracted interest from Emirates Telecommunications Group Co. as its parent company, Vodafone Group Plc, weighs options for the business, people familiar with the matter said in December.<\/p>\n

Telecel Group, headed by French tycoon Hugues Mulliez, bought Vodafone\u2019s operations in Ghana earlier this year.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. MTN Group is in advanced talks with Axian Group to sell some of its West African markets, according to people familiar with the matter, as Africa\u2019s largest mobile operator trims its portfolio. The companies are negotiating on prices for MTN\u2019s assets in Liberia, Guinea-Bissau and Guinea-Conakry, said the people, who asked not […]<\/p>\n","protected":false},"author":84,"featured_media":17293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-17294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nMTN in advanced talks to sell some West African assets - Sierra Leone<\/title>\n<meta name=\"description\" content=\"MTN Group is in advanced talks with Axian Group to sell some of its West African markets, according to people familiar w ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTN in advanced talks to sell some West African assets\" \/>\n<meta property=\"og:description\" content=\"MTN Group is in advanced talks with Axian Group to sell some of its West African markets, according to people familiar w ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-11T10:25:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-11T11:06:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/05\/postQueueImg_1683785272.62.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MTN in advanced talks to sell some West African assets\",\"datePublished\":\"2023-05-11T10:25:53+00:00\",\"dateModified\":\"2023-05-11T11:06:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/05\/postQueueImg_1683785272.62.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/mtn-in-advanced-talks-to-sell-some-west-african-assets\",\"name\":\"MTN in advanced talks to sell some West African assets - 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