MTN in advanced talks to sell West Africa assets
in advanced talks with Axian Group to sell some of its West African markets, according to people familiar with the matter, as Africa’s largest mobile operator trims its portfolio.
A representative for MTN declined to comment. A spokesman for Mauritius-based Axian didn’t have an immediate comment. MTN’s group CEO, Ralph Mupita, has been evaluating the company’s portfolio as the mobile phone company narrows its focus and resources on core markets, which include its biggest West African assets Nigeria and Ghana. MTN operates in 19 countries in the region, and has exited certain Middle Eastern businesses such as Afghanistan, Yemen and Syria.
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