MTN sets its sights on Ethiopia for growth

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South Africa Headlines News

The group has formally shown an interest in securing one of two new licences the country is auctioning

As MTN makes plans to leave the Middle East, it has Ethiopia firmly in its view as the next frontier for growth as the company looks to beef up its Africa effort.

Africa’s biggest mobile phone group by number of subscribers has unveiled plans to sell its businesses in Iran, Syria, Yemen and Afghanistan, in transactions that could be worth as much as R25bn.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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