JOHANNESBURG (Reuters) – MTN Group plans to raise more than 15 billion rand ($1.05 billion) in asset sales over the next three years, Africa’s biggest telecoms group said on Thursday after reporting a massive jump in 2018 profit.
MTN is in the middle of reviewing its presence in some markets alongside investments in e-commerce platforms as part of a plan to streamline the company into a focused operator in high-growth markets in the Middle East and Africa.
Part - Review - Company - Minority - Stake
As part of the review, the company has agreed to sell its minority stake in Botswana’s Mascom for $300 million. It sold it sole European unit in Cyprus last year.
MTN also said its investments in tower companies and e-commerce platforms such as African online...
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