MTN Afghanistan
MTN Could Sell its Afghanistan Business for $35-Million
South Africa’s MTN Group, the largest telecom in Africa in terms of revenue and subscriber base, has finally received a binding offer to sell off its Afghanistan business for $35-million. The Group will end its Middle East operations after the sale. In 2021, reports began to indicate that MTN was in talks with potential international buyers to sell its wireless business in Afghanistan in part of the company’s larger plans to completely exit the Middle East. At that point, MTN was the market leader in Afghanistan with a 40% share. According to Reuters, MTN Group CEO Ralph Mupita told journalists that the Group received the offer from an undisclosed buyer for the gross sum of $35-million. The amount will be paid over a period of time, and the proceeds would be $31-million. Mupita confirmed t...
MTN Pulls Free from Yemen Leaving Behind Millions of Subscribers
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Group today announces the company’s exit from operations in Yemen in the Middle East. The company has been steadily pulling out from its operations in the Middle East, having left Syria in August due to “intolerable” operating conditions. MTN is also currently in talks to sell its business in Afghanistan. MTN leaving Yemen, the company says in a statement, is a transaction that furthers the delivery of its ‘Ambition 2025 strategy’ and is in line with its intention – first announced in August 2020 – to exit the Middle East completely. In August 2020, the MTN Group announced plans to focus on its pan-African strategy in place of other regions and exit the Middle East over the medium term, thereby simplifying its portfolio and reducing...
MTN in Talks to Sell its Afghanistan Business
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
New US Lawsuit Alleges MTN Paid off Terrorist Groups in the Middle-East
Sourced from Business Tech A lawsuit filed in the United States that claims that telecom giant MTN paid protection money to terrorist groups al-Qaeda and the Taliban have been expanded to include new claims. The Wall Street Journal reported that the newly expanded lawsuit now also claims that two US contractors – which ran aid projects in Afghanistan – paid protection money to the Taliban. The suit in question was filed by certain families of US soldiers who were killed or wounded in Iran and Afghanistan between 2009 and 2017. Initially launched last year, the case is now hearing new allegations at the United States District Court. The suit, which also includes claims against seven other international companies including the security company G4S, alleges that MTN violated the US Anti-Terro...
