🟢 MTN Group is trading 4% up today on reports of 5G spectrum bid in Ghana

MTN Group is trading 4% up at ZAc 22,365 following reports that the company will bid for 5G spectrum licenses in Ghana.

• The Ghanaian government has revoked the exclusive 5G rights previously held by state-backed NGIC, opening a competitive auction for mobile operators.
• MTN and Telecel are expected to participate in the bidding process, which is viewed as a significant opportunity to expand network infrastructure and growth in West Africa.