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 OR Kagiso Mahlangu https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more DEALS Driving Impact Through Purposeful Capital At Absa Corporate and Investment Banking, we believe that sustainable investment is key to long-term economic resilience. Our support of LeapFrog Investments reflects our belief in creating measurable impact - across ESG, economic, and community outcomes, by backing businesses that are accelerating growth across emerging markets. Read more DEALS Charging Progress in Green Energy The R3.8 billion wind energy transaction will finance the design, development, construction, operation, and maintenance of a 150MW wind project that will generate clean energy for Discovery Green - advancing the just energy transition we are proud to support. Read more
