Business
MTN receives $35 million offer for Afghanistan operation
(Last Updated On: August 12, 2022)
South Africa’s MTN Group has received a binding offer for 100% of its shares in MTN Afghanistan for a consideration of approximately $35 million, the company has confirmed.
The identity of the buyer was not disclosed but the operator expects the transaction to be concluded within roughly six months, South African media reports indicated.
The sale will mark the completion of the group’s planned exit from its consolidated Middle East and Central Asia markets following the sale of its business in Yemen and the loss of its Syrian operations last year.