Acquiring Company
Telecel Group
Acquired Company
MTN
South AfricaHardwareMobileVoipWirelessTelecommunicationsDescription
MTN Group has confirmed the sale of its 75% shareholding in Areeba Guinea S.A. (MTN Guinea) to Telecel Group, aligning with MTN’s portfolio optimisation focus within its Ambition 2025 strategy. The acquisition by Telecel forms part of an Africa-focus strategy as it continues to expand its presence in the region.
Quick answer
Telecel Group is acquiring MTN, announced April 7, 2024.
- How much did Telecel Group pay for MTN?
- The deal value was not disclosed.
- Where are Telecel Group and MTN based?
- MTN is based in South Africa.
- Who are the decision-makers at Telecel Group?
- Fundz holds 1 contact at Telecel Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Telecel Group, and when
When Telecel Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Telecel Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Telecel Group, from your own LinkedIn network
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Related People
Frequently asked
Who acquired MTN?
MTN was acquired by Telecel Group. The deal was reported on April 7, 2024. Telecel Group is privately held.
When did Telecel Group acquire MTN?
Telecel Group's acquisition of MTN was reported on April 7, 2024. MTN Group has confirmed the sale of its 75% shareholding in Areeba Guinea S.A. (MTN Guinea) to Telecel Group, aligning with MTN’s portfolio optimisation focus within its Ambition 2025 strategy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does MTN do?
MTN is a pan-African mobile operator with the strategic intent of ‘Leading digital solutions for Africa’s progress’. We have 288 million customers in 17 markets and are inspired by our belief that everyone deserves the benefits of a modern, connected life. It is privately held, operating in Hardware, and is based in South Africa.
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