By Sabela Ojea

MTN Group Ltd. said Thursday that it has agreed to exit its operations in Yemen by selling its effective shareholding to Emerald International Investment LLC., an affiliate of Zubair Corp. LLC, the minority shareholder in MTN Yemen.

South African telecoms company MTN said its Yemen division had 4.7 million subscribers at the end of the third quarter, and that it represented 0.3% of its earnings before interest, taxes, depreciation and amortization.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

November 18, 2021 01:17 ET (06:17 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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