This morning, MTN would neither confirm nor deny speculation that its group function plans to abandon SA in favour of Dubai, a location closer to its higher revenue earners.
ITWeb is reporting that it has learned from several independent sources that the company plans to move its group operations out of the country and eventually delist from the Johannesburg Securities Exchange, leaving the local business as a subsidiary of the company, or even up for sale.
MTN already has a business registered in the Middle Eastern country, which it says is the head office for its Middle East and North African operations.
However, MTN has quietly been moving several of its group operation units into Dubai, without making any local splash about the plans. It confirmed to ITWeb this morning that it has moved its technical services support team to the country. Several sources say there is a chance that its technology development division will follow.
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