🟢 MTN Group is trading 5.02% up today on reports of Ghana 5G spectrum bid

MTN Group is trading 5.02% up today at ZAc 22,580 following reports that the company will bid for 5G spectrum licenses in Ghana.

• The Ghanaian government has ended the exclusive 5G rights previously held by Next Gen InfraCo (NGIC), opening the market to a competitive auction.
• The move allows MTN to potentially expand its network footprint and infrastructure in one of its key African markets.
• A successful bid would enable the telecommunications giant to roll out high-speed 5G services to its Ghanaian subscriber base.