Telecel Group Mobile and MTN Group are pleased to announce the completion of the transfer of MTN Guinea Bissau (“Spacetel”) to Telecel, marking a new chapter in the telecommunications landscape of the West African country. Telecel Group Mobile assets are fully managed by Telecel Group.

The acquisition process, which was closely monitored and approved by the Autoridade Reguladora Nacional (“ARN”), signifies Telecel’s commitment to expanding its footprints in the West African region. With this acquisition by Telecel Group Mobile, Telecel Group reaffirms its dedication to expanding its management footprint in Africa and delivering high-quality telecommunications services to the people of Guinea Bissau.

MTN Group President and CEO Ralph Mupita expressed satisfaction with the completion of the transaction: “We are delighted to hand over the reins of MTN Guinea Bissau to Telecel Group, a company with a strong track record. This disposal aligns with our strategic priority to accelerate portfolio transformation. We thank our employees, customers and all stakeholders for their support over the years and are confident that Telecel will build on the solid foundation we have established in Guinea Bissau.”

Telecel Group CEO, Moh Damush, highlighted the significance of this acquisition by Telecel Group Mobile, “We are excited to officially welcome MTN Guinea Bissau into the Telecel family of managed networks. This is a testament to our commitment to the African market and our vision of connecting people through reliable and innovative telecommunications solutions. We are dedicated to providing exceptional services that will enhance connectivity and support economic growth.”

Regulatory Compliance and Future Plans

Telecel Group Mobile under the management of Telecel Group, has successfully fulfilled all the technical and financial requirements stipulated by the ARN, ensuring a seamless transition and continued adherence to the highest industry standards. The acquisition will not only enhance Spacetel service offerings but also introduce new technologies and infrastructure improvements to benefit the consumers and businesses in Guinea Bissau.

As part of its commitment to the local community, Telecel Group Mobile plans to invest in expanding network coverage, improving service quality, and launching new products tailored to the needs of Guinea Bissau’s diverse population. This strategic investment aims to encourage digital inclusion and drive economic development in the region.