MTN Group continues to explore options to exit Yemen and Afghanistan in an orderly manner.
Meanwhile, MTN has also decided not to pursue a licence in Ethiopia after losing out on a bid for a new telecoms licence to Safaricom-led consortium Global Partnership for Ethiopia.
“Our bid took into account the licence conditions as well as related uncertainties. We had also adopted a partnership approach to ensure that funding and risk was diversified. While disappointing, we are comfortable that our approach was guided by disciplined strategic and capital allocation frameworks.”
The group has decided not to participate in the new liberalisation processes underway in Ethiopia, taking into account the strategic financial risk criteria and the fact that MTN would be entering as a third operator.
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