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MTN Group plans sale and leaseback of part of South African tower portfolio

2020-12-10 09:57:00| Telecompaper Headlines

(Telecompaper) MTN Group is looking to sell and lease back part of its portfolio of 13,000 South African telecom towers, Bloomberg reported. It said this is a sign that new CEO Ralph Mupita seeks to build on a disposal plan begun by his predecessor. Mupita said MTN is considering the strategic and financial merits of the plan, which would build on similar transactions MTN has completed in countries such as Ghana and Uganda.

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