MTN
MTN said it had agreed to sell its 49 per cent holdings in
and
to AT Sher Netherlands Coalperatief U.A.
for
The company also said it had finalised the redemption of MTN Nigeria preference shares, raising
S. dollar-denominated debt and for general corporate purposes.
"We remain focused on continuing to execute on the important strategic priorities of reducing debt, simplifying the portfolio and reducing risk,'' the firm said in a statement. The company is aiming to shed loss-making e-commerce assets and exit countries where it has no prospect of reaching the top-two spots in terms of market share.
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© Pakistan Press International, source