It has been speculated that company plans to move its group operations out of the country and eventually delist from the Johannesburg Securities Exchange. It may leave the local business as a subsidiary of the company, or even up for sale.
MTN is already registered in the Middle Eastern country which is said to be the head office for its Middle East and North African operations.
Several MTN groups operation unit has been quietly moving its operations without making any local splash about the plans.
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