MTN in Advanced Talks to Sell Some West African Assets
- MTN may sell units in Liberia, Guinea-Bissau, Guinea-Conakry
- Africa’s largest mobile firm in talks to sell assets to Axian
A MTN Group advertisement in the Praa neighbourhood of Bissau, Guinea-Bissau.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
MTN Group Ltd. is in advanced talks with Axian Group Ltd. to sell some of its West African markets, according to people familiar with the matter, as Africa’s largest mobile operator trims its portfolio.
The companies are negotiating on prices for MTN’s assets in Liberia, Guinea-Bissau and Guinea-Conakry, said the people, who asked not to be identified as the information is private. The deal has not been finalized, and there is no guarantee that a transaction will go ahead, they said.