MTN sells Guinea unit, exits underperforming market
- MTN Group completed the sale of its Guinea-Conakry business to the Guinean government.
- The sale is part of MTN's strategy to streamline its portfolio and focus on higher-growth markets.
- MTN previously sold its Guinea-Bissau unit to Mexican telecom firm Telecel.
The divestment of MTN's Guinea-Conakry business reflects a strategic pivot that could enhance its focus on more lucrative markets. However, the ongoing revenue shortfalls raise questions about the sustainability of this strategy and the potential impact on its operations in remaining markets.
