MTN receives $35-million offer for Afghanistan unit

MTN Group CEO Ralph Mupita said on Thursday that the mobile operator has received a US$35-million (R657-million) binding offer for its Afghanistan business as part of plans to exit the Middle East and focus on less risky African operations.

Mupita told journalists on a news call that the completion of the transaction will conclude the exit of the Middle East markets, while the 49% financial investment in Irancell will continue to be managed within the MTN portfolio.  — (c) 2022 Reuters