With the disposal of assets worth $983m, MTN Group is well positioned to bid for the GSM licence in Ethiopia

With the disposal of assets worth $983m, MTN Group is well positioned to bid for the GSM licence in Ethiopia

With the sale last week of two stakes in American Tower for nearly $523m, MTN Group Limited reached 14bn rand ($983m) in asset disposals as part of a three-year programme that is now expected to be completed in less than a year.

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            ▪ With the disposal of assets worth $983m, MTN Group is well positioned to bid for the GSM licence in Ethiopia

▪ With the sale last week of two stakes in American Tower for nearly $523m, MTN Group Limited reached 14bn rand ($983m) in asset disposals as part of a three-year programme that is now expected to be completed in less than a year.

https://www.jeuneafriquebusinessplus.com/en/802036/avec-879-millions-deuros-de-cessions-dactifs-mtn-group-bien-place-pour-la-licence-gsm-en-ethiopie/

07/01/2020 at 14h59, by Jeune Afrique Business+

The accelerated pace of the programme, which has almost achieved its objective, has led analysts to predict that the continent’s largest telecom operator is preparing to submit a bid to the Ethiopian authorities, who intend to open the last market on the continent still in the hands of a state-owned monopoly.

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