MTN Sells BICS

Africa By Region

MTN to Sell R1,8 Billion Stake in Belgian Telco, BICS

Jenna Delport - February 9, 2021

MTN Group has announced its plans to sell its 20% stake in Belgacom International Carrier Services SA (BICS) to Proximus NV/SA for approximately R1,8 billion. The telco is expected to use this to pay down US dollar debt. BICS was...

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