MTN will sell stake in Belgacom for R1.8 billion

Hanno Labuschagne

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MTN will sell stake in Belgacom for R1.8 billion

MTN Group has announced that it has concluded an agreement to sell and fully exit its 20% shareholding in Belgacom International Carrier Services SA (BICS) to Proximus NV/SA.

The company previously said in its 2020 interim and third-quarter results that it was in discussions regarding the sale.

The timing of the closing of the sale will be dependent on customary regulatory approval, MTN stated.
 
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