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Wireless

MTN Group mulls sale of stake in Iranian ride-hailing app Snapp

Monday 10 August 2020 | 11:24 CET | News
The MTN Group is considering selling its stake in Iranian ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East, Bloomberg reported.While Snapp retains top spot in Iran's ride-hailing market, MTN has identified it as a non-core part of its business, said Ralph Mupita, MTN Group's chief financial officer said. Mobile operator MTN Irancell, on the other hand, remains key to the group, he said.

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Categories: Mobile & Wireless
Companies: MTN / MTN Irancell
Countries: Iran (Islamic Republic of)
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