South Africa-based MTN Group has announced a new four-year strategic plan called ‘Ambition 2025’. This will see the carrier focusing only on regional African dominance and exiting other markets (it quit the Middle East last year), while also spinning off other assets such as fiber and financial services businesses into standalone units. MTN is the largest operator in Africa with 280m subscribers, and the ninth largest in the world. It operates in 21 countries although 40% of its revenues come from Nigeria. It plans to invest US$1.9bn in its networks and other technology platforms this year, while reducing debt via the spin-offs and divestments – it aims to raise $1.68bn in this way. Group CEO Ralph Mupita said: “As part…