MTN Group has appointed Chika Ekeji as its new Technique and Transformation Govt – efficient from 15 March. The telco says this appointment is a part of its plans to additional bolster administration capability to speed up the Group’s strategic ambitions.
“In December 2020, MTN Group introduced the completion of a complete technique overview with a concentrate on accelerating development, deleveraging the holding firm debt and unlocking worth,” says MTN.
“To help the execution of the repositioned technique, we introduced the appointment of a brand new Group Chief Monetary Officer in addition to adjustments to the Group’s regional construction and the Group Govt Committee.”
In response to MyBroadband, Ekeji has a Masters of Engineering in Pc Science from Cornell College and an MBA from MIT. He beforehand labored at administration consultancy McKinsey & Firm in Nigeria.
“We’re more than happy that Chika is becoming a member of us as we work to speed up our strategic repositioning,” says MTN Group COO, Jens Schulte-Bockum.
MTN to Sell R1,8 Billion Stake in Belgian Telco, BICS
MTN Group has introduced its plans to promote its 20% stake in Belgacom Worldwide Provider Providers SA (BICS) to Proximus NV/SA for roughly R1,8 billion. The telco is predicted to make use of this to pay down US greenback debt.
BICS was categorized as a non-current asset held on the market and this transaction has resulted in a remeasurement of its carrying worth leading to a discount of R397 million for the 12 months ended 31 December 2020.
In response to MTN, it would report a revenue on disposal amounting to roughly R1,2 billion in the course of the first half of 2021. The closing of the sale depends on customary regulatory approval.
