Telecom MTN might be reducing its portfolio size. The company is in talks to sell some of its West African assets to Axian Group, a pan-African investor in telecoms.
Both companies are reportedly negotiating on MTN’s assets in Liberia, Guinea-Bissau, and Guinea-Conakry. The deal is yet to be finalised and sources close to the case report that it’s still too early to conclude if it will go through.
It’s not certain what MTN is planning in each of these countries. In 2021, though, it ignited an exit from Afghanistan: in a bid to simplify its structure, it exited Afghanistan by selling off its assets there for $35 million.