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Home Telecommunication

MTN Group is said to be in talks to sell its wireless business in Afghanistan

Tech Gist Africa by Tech Gist Africa
09/09/2021
in Telecommunication, World News
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MTN Group

MTN Group

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According to reports, MTN Group is in talks with potential buyers for its wireless business in Afghanistan in order to expedite plans to leave the country.

Africa’s largest mobile phone operator, which has a 40% market share in Afghanistan, is in talks with a number of potential buyers.

MTN Group revealed an intention to exit Middle Eastern countries in the medium term just over a year ago, allowing the Johannesburg-based business to focus on African markets.

The carrier has subsequently ended its operations in Syria, citing regulatory requirements that rendered it impossible to continue, though it announced last month that it is still weighing alternatives in Yemen and Afghanistan.

Following the collapse of the US-backed government last month, telecom companies operating in Afghanistan, including Etisalat of the United Arab Emirates, have reassured customers and investors that services will continue to operate while they work to ensure the safety of their employees in the country.

 

Read more on Tech Gist Africa:

Airtel Africa will sell a 7.5% stake in its mobile money arm to Qatar Investment Authority for $200 million

MTN, a South African telecommunications company, plans a $5 billion market valuation for its mobile money business

Ethiopia grants telecom license to Vodafone Kenya, a Safaricom-led consortium following an $850 million bid

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