MTN's association with the Porcupine Warriors came to a close at the end of the 2015-16 season and since then the two parties have struggle to meet to deliberate on an extension.
However, the uncertainty over the Kotoko representation in the meeting is now over with the appointment of new managers of the club.
The new Dr. Kwame Kyei-led administration on Wednesday met top officials of MTN to discuss matters relating to the corporate relationship between the two parties.
The immediate past administration of Kotoko, led by Board Chairman, Lawyer Paul Adu-Gyamfi started the process for a new sponsorship arrangement.
The new contract which has improved terms is expected to be signed in a couple of weeks.
Kotoko was represented by the Head of Legal Affairs, Lawyer Yaw Boafo; Operations Director, Ernest Owusu Ansah; Administrative Manager, Rose Padmore Yeboah and Accra Representative and Premier League Board Member, Thomas Boakye Agyeman in the meeting.