Deals

MTN Steps Up Asset-Sale Plan That May Raise Up to $4 Billion

Africa’s biggest carrier prepares to sell stake in IHS towers
MTN will also look to reduce majority control of Nigeria unit

Customers register their MTN Group Ltd. mobile phone sim cards at a roadside kiosk in Lagos.
Photographer: Bloomberg/Bloomberg

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By Loni Prinsloo and Tope Alake

January 30, 2020 at 11:53 AM UTC

Updated on

January 30, 2020 at 12:57 PM UTC

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MTN Group Ltd. is looking to raise as much as 60 billion rand ($4 billion) from an extended asset-sale plan, with stakes in a major towers business and the carrier’s Nigerian unit among those earmarked for sale.