Row rect Shape Decorative svg added to bottom DEALS Advancing Africa’s telecommunications story Absa | Corporate and Investment Banking > Insights and Events > Advancing Africa’s telecommunications story SHARE We are pleased to have acted as Sole Financial Advisor on the landmark sale of MTN Guinea-Bissau to Telecel Group Mobile. MTN Group Limited is a South African multinational corporation and mobile telecommunications provider founded in 1996 and is one of the largest mobile network operators in Africa. The company provides voice, data, fintech, digital, enterprise, wholesale and API services to 288 million customers in 18 markets. Absa CIB played a key role in facilitating discussions and negotiations between all key stakeholders for this deal, providing critical assistance on matters of public interest. We offered insights into complex deal structuring, ensuring timeous execution of the transaction, and supported our client in obtaining the necessary regulatory approvals. This transaction will enable MTN to pursue further growth opportunities across the Pan-African region, aligning with its “Ambition 2025” strategy and portfolio optimisation focus. For Telecel Group Mobile, the acquisition will allow for strategic investments aimed at encouraging digital inclusion and driving economic development, ultimately contributing to technological and economic progress in the market. The successful completion of this deal underscores Absa’s Pan-African telecom sector M&A expertise in executing complex transactions across the continent. It also reaffirms our commitment to assisting our clients in achieving their strategic objectives while balancing the needs of local stakeholders. For more information, contact Hasnen Varawalla(opens in new tab) OR Kagiso Mahlangu(opens in new tab) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more
