MTN Closes in on Tower Deal Amid Wider Breakup

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MTN Closes in on Tower Deal Amid Wider Breakup

MTN is set to complete the sale and leaseback of South African towers by the end of next month, while a separation of both the fintech and fiber units is also underway as the wireless carrier strives to pay down debt.

The tower deal could generate as much as R11 billion, according to analysis by Bloomberg Intelligence. The fintech move is due to be finalized by March and fiber over the next two years, the Johannesburg-based firm said in a statement on Thursday.
 
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