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Wireless

MTN takes proceeds from asset sales to ZAR 14 billion

Thursday 2 January 2020 | 15:01 CET | News
MTN Group said it has concluded two further transactions, bringing the total proceeds from its Asset Realisation Programme (ARP) to ZAR 14 billion so far. This follows proceeds raised from the disposals of its stakes in Amadeus, Travelstart and the ATC loan of ZAR 2.1 billion in 2019. Firstly, MTN confirmed it will sell 49 percent in the Ghana and Uganda Tower Company to American Tower Company for USD 523 million. This transaction is expected to close in Q1 2020. 

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Categories: Mobile & Wireless
Companies: American Tower / MTN / MTN Nigeria
Countries: Africa / Ghana / Nigeria / Uganda
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