Johannesburg – MTN Group Limited (MTN) has completed the transition of its operations in Guinea to the Guinean government.

In a press release released on New Year’s Eve, MTN announced that the sale of its operations in Guinea, referred to as MTN Guinea-Conakry, was finalized on 30 December 2024, with ownership now transferred to the State of Guinea.

MTN stated that this move is part of its ongoing strategy to streamline and enhance its portfolio, which aligns with the Ambition 2025 initiative.

Ralph Mupita, President and CEO of MTN Group, remarked: “This milestone marks a new era for MTN Guinea-Conakry under local stewardship. We wish to extend our thanks to the staff, customers, regulators, and the broader community in Guinea for their support throughout MTN’s tenure in the country.”

“Completing this transaction aligns with our strategy of refining our portfolio and reallocating resources to markets where MTN can make a significant impact and promote sustainable long-term growth and returns.”

Earlier in August, Mupita noted during an Editors Roundtable in Johannesburg that MTN was advancing plans to exit specific West African markets assessed as too risky or unable to support their growth.

Founded in 1994, MTN is a leading operator in emerging markets, with a clear vision to spearhead the delivery of an innovative digital landscape for its customers.

MTN is also publicly listed on the JSE Securities Exchange in South Africa.