MTN Group Exits Yemen With Sale of Shareholding to Emerald International Investment
18 November 2021 - 7:32AM
Dow Jones News
By Sabela Ojea
MTN Group Ltd. said Thursday that it has agreed to exit its
operations in Yemen by selling its effective shareholding to
Emerald International Investment LLC., an affiliate of Zubair Corp.
LLC, the minority shareholder in MTN Yemen.
South African telecoms company MTN said its Yemen division had
4.7 million subscribers at the end of the third quarter, and that
it represented 0.3% of its earnings before interest, taxes,
depreciation and amortization.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 18, 2021 01:17 ET (06:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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