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 OR Kagiso Mahlangu https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Harnessing Partnerships to Power Energy at Scale Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the ZAR 8.4 billion financing of SOLA Group’s 300 MW Naos solar PV project, incorporating 660 MWh of battery storage. Read more DEALS Backing the metals that will power the future Absa is proud to help lead one of South Africa’s landmark mining projects. As joint mandated lead arranger and bookrunner with Ivanplats on a USD700 million project finance facility, we’re powering the Platreef Project’s growth – unlocking critical minerals for a sustainable future. Read more DEALS Backing retail property assets with flexible financing built for growth We are proud to have concluded a landmark real estate financing transaction for Soma Properties Limited contributing toward the expansion of Sarit – Kenya’s most iconic retail and lifestyle mall, and the premium destination mall in East and Central Africa. Read more
