MTN Group plans sale, leaseback of 13000 South African towers

MTN Group CEO Ralph Mupita

MTN Group is looking to sell and lease back part of its portfolio of 13,000 South African telecom towers, Bloomberg reported. It said this is a sign that new CEO Ralph Mupita seeks to build on a disposal plan begun by his predecessor. Mupita said MTN is considering the strategic and financial merits of the plan, which would build on similar transactions MTN has completed in countries such as Ghana and Uganda. When Rob Shuter was its CEO, MTN started a plan to raise ZAR 15 billion to help pay…

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MTN Group Appoints Ralph Mupita New President & CEO

MTN Group,

MTN Group has announced that its current CFO, Ralph Mupita, will be taking over as the new Group President and CEO with effect from 1 September 2020. Ralph will take over from Outgoing CEO, Rob Shuter, who is stepping down after more than 5 years of leading the telecom giants. In his new position, Ralph will leverage his years of experience as CFO to lead the growth & sustainability of MTN Group. Speaking on the new appointment, MTN Group Chairman, Mr Mcebisi Jonas expressed pleasure on appointing someone of Ralph’s calibre and experience after an…

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