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Tuesday, August 11, 2020
South Africa's MTN to exit Middle East over medium-term
By Reuters
MTN Group has said it will be exiting the Middle East over the medium
term, starting with the sale of its 75 per cent stake in MTN Syria as
part of plans to simplify its portfolio.
The Middle East assets contributed less than 4 per cent to group
earnings before interest, taxes, depreciation, and amortization in the
first-half ended June 30, Group president and Chief Executive Officer
Rob Shuter said.
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