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Friday, 19 November 2021

MTN Group to exit Yemen as part of Middle east pull out

MTN Group to exit Yemen as part of Middle east pull out: MTN said it would transfer its 82.8% stake to a unit of an affiliate of Zubair Corp LLC, MTN Yemen’s minority shareholder, adding that no further material impact was expected on earnings as it had fully impaired the Yemeni assets as of June 30.

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