MTN Group today announces the company’s exit from operations in Yemen in the Middle East. According to the Group, in the first half of 2021, MTN Yemen contributed 0.3% to MTN Group EBITDA. MTN Group held 82.8% of the shares in MTN Yemen, whose operating licence for its 2G network is due for renewal at the end of 2021. Effective 17 November 2021, MTN Group transferred its majority shareholding in MTN Yemen to Emerald International Investment LCC. “We would like to thank the 719 employees of MTN Yemen for their commitment over the years,” he added.

Source: The North Africa Journal November 18, 2021 15:06 UTC