MTN Group hopes to exit Afghanistan soon, with Guinea-Bissau, Guinea-Conakry and Liberia likely next to be sold.
Browsing: MTN Afghanistan
MTN Group is selling its Afghanistan business to Beirut-based M1 New Ventures for $35-million.
The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
MTN Group is in talks with potential international buyers for its wireless business in Afghanistan, a bid to accelerate plans to exit the country, according to people familiar with the matter.
Despite the current turmoil in Afghanistan, MTN Group continues to operate its mobile network in the war-torn Middle Eastern country, providing services to 6.3 million subscribers.
A US court has moved to dismiss a lawsuit brought against MTN Group, in which it’s alleged the operator paid protection money to the Taliban in Afghanistan.
MTN Group shares fell slightly on Monday after reports emerged that it was facing further claims in a US court that it paid protection money to terrorist groups in Afghanistan.
MTN Group has asked a US court to dismiss a case filed against it, in which it’s alleged the company paid protection money to the Taliban in Afghanistan, endangering the lives of US servicemen.
In some rare good news for MTN Group, Nigeria’s attorney-general has withdrawn a $2-billion (R28.5-billion) tax demand against its subsidiary in the West African nation.
MTN Group said on Monday that it is facing a lawsuit over alleged contravention of the US Anti-Terrorism Act in Afghanistan where it is accused of paying protection money to the Taliban.