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 Powering progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more
