MTN has received R4.5 billion ($262 million) from the sale of MTN Cyprus to Monaco Telecom.

MTN announced on 16 July 2018 that its wholly owned subsidiary, MTN Dubai Limited, had entered into an agreement in terms of which it had sold 100% of MTN Cyprus to Monaco Telecom S.A.

For more information, please see https://businesstech.co.za/news/business/269215/mtn-concludes-r4-5-billion-cyprus-sale/