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 Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more