Telecel, led by UK-based entrepreneur Moh Damush, has finalized a significant share purchase agreement (SPA) to acquire equity stakes in MTN Guinea-Bissau and MTN Guinea-Conakry from MTN Group, Africa’s largest telecom service provider. The deal, finalized in December 2023, is subject to regulatory approval.
Telecel’s acquisition of stakes in MTN Guinea-Bissau and MTN Guinea-Conakry is expected to drive growth and further development in these regions. According to MTN Group, Telecel is well-positioned to contribute to technological advancement and economic progress in Guinea-Bissau and Guinea-Conakry.
Telecel sets ambitious goals under Moh Damush’s leadership for telecom innovation and sustainability
MTN Group emphasizes its commitment to ensuring a smooth and seamless transition for customers, employees, and stakeholders affected by the transaction. Further updates regarding the sale will be provided as appropriate, though the specific value of the agreement remains undisclosed.
Under the leadership of Moh Damush, Telecel aims to establish a global leadership position in sustainable and cutting-edge telecommunications technology by 2030. The company envisions seamless connectivity for all communities while striving for a net-zero carbon footprint across its operations.
Moh Damush: Visionary force behind Telecel’s African expansion and philanthropic drive
Moh Damush, Group CEO and co-founder of Telecel, is renowned for his business acumen and philanthropic endeavors. Over the past four years, he has played a key role in expanding Telecel’s presence in Africa, strategically choosing viable countries for expansion, mergers, or acquisitions. Damush’s leadership has laid the foundation for Telecel’s efficiency, excellence, and disruptive innovation culture.
The acquisition of stakes in MTN Guinea-Bissau and MTN Guinea-Conakry marks another significant milestone for Telecel under the guidance of Moh Damush. With a vision for global leadership in telecommunications, Telecel is poised to drive technological advancement and economic growth across Africa.
