MTN Group

A South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg

Categories

Energy and Utilities  
Summary

MTN Group Limited, formerly known as M-Cell, is a prominent South African multinational mobile telecommunications company. It operates across numerous African and Asian countries, with its headquarters situated in Johannesburg. With an extensive presence, MTN boasts over 280 million subscribers as of December 2020, positioning it as the 7th largest mobile network operator globally and the largest in Africa. Its operations span more than 20 countries, with a significant portion of its revenue originating from Nigeria, where it maintains around a 35% market share.

In addition to its telecommunications endeavors, MTN Group is engaged in various sponsorships. It serves as the primary sponsor for the South Africa national rugby union team, and it holds sponsorship agreements with prominent entities such as the English football club Manchester United and the Zambian Super League. Notably, the Nigerian arm of the company has established a sponsorship deal with the Nigerian Football Federation.

Overall, MTN Group's substantial subscriber base, international reach, and active involvement in both telecommunications and sponsorship arrangements underscore its influential role in the global telecommunications and sports sectors.


History

MTN Group, originally known as M-Cell, has a dynamic history characterized by expansion, acquisitions, innovations, and challenges in the telecommunications industry. Here is a chronological overview of its history based on the provided information:

1994-2000s: Early Years and Expansion

  • Founded in 1994 as M-Cell with support from the South African government.
  • In 1995, leadership changes were made, including the appointment of Robert (Bob) Chaphe and founder Leena Jaitley as CEO.
  • Throughout the early 2000s, MTN experienced rapid growth, expanding beyond South Africa and establishing its presence in other African and Asian countries.
  • Phuthuma Nhleko took over as CEO in 2002, succeeding Paul Edwards who had facilitated the company's expansion into Nigeria.

2008: Potential Mergers and Acquisitions

  • In May 2008, Bharti Airtel and Reliance Communications explored the possibility of acquiring MTN Group.
  • MTN Group considered buying Verizon Business South Africa, a data services provider, in June 2008.
  • Discussions with Bharti Airtel and Reliance Communications regarding potential mergers ended in July 2008.

2009: Expansion and Partnerships

  • In June 2009, MTN Group's subsidiary merged with Belgacom International Carrier Services (BICS), becoming an international gateway for carrier services.
  • In October 2012, MTN partnered with Afrihost to provide DSL Broadband services in Africa.
  • In November 2012, Shanduka Group acquired a minority stake in MTN Group's Nigeria business.

2010s: Recognition and Leadership Changes

  • In 2014, MTN was recognized as one of the most valuable global brands and the most admired and valuable brand in Africa.
  • In March 2016, Rob Shuter became the CEO, followed by Ralph Mupita's appointment on September 1, 2020.

2018-2020: IPO, Challenges, and Strategic Changes

  • In 2018, MTN Ghana launched an IPO to expand 4G LTE services.
  • Protests and attacks led to the shutdown of some MTN stores in Nigeria and South Africa in 2019.
  • MTN Cyprus was sold to Monaco Telecom in 2018 and rebranded as Epic in 2019.
  • The company initiated divestments in the Middle East and sold its shares in Jumia in 2020.
  • MTN partnered with Mastercard for secure e-commerce payments and considered spinning off its mobile money activities in 2021.

2021: Focus on Fintech and Innovation

  • MTN explored spinning off its mobile money activities as a separate fintech business.

Throughout its history, MTN Group has demonstrated adaptability, growth, and commitment to providing telecommunications services across multiple continents while navigating challenges and exploring innovative solutions to meet evolving customer needs. Please note that developments may have occurred since my last update in September 2021.


Mission

MTN Group's mission is to connect people, enhance lives, and enable progress by providing innovative and accessible telecommunications and digital solutions across diverse markets, contributing to economic development and social empowerment.


Vision

MTN Group's vision is to be a leading digital solutions provider that empowers societies, transforms economies, and enriches lives through cutting-edge technology, innovative services, and sustainable growth across its global operations.


Key Team

Jenitha John ( Group Chief Risk Officer and Chief Internal Audit Executive)

Noluthando Gosa (Group Chief Legal Counsel and Company Secretary)

Yolanda Cuba (Group Chief Digital and Fintech Officer)

Godfrey Motsa (CEO of MTN South Africa)

Sifiso Dabengwa (Non-Executive Director)


Products and Services

MTN Group offers a wide array of products and services in the telecommunications and digital sectors, aimed at connecting people and enhancing their lives. As of my last update in September 2021, here are some key offerings:

Products and Services:

Mobile Telecommunications: MTN provides mobile voice and data services, enabling customers to communicate, browse the internet, and access digital content through their mobile devices.

Mobile Money: MTN's mobile money service allows users to perform financial transactions, such as money transfers, bill payments, and purchasing goods and services, using their mobile phones.

Internet Services: The company offers various internet connectivity options, including 3G, 4G, and broadband services, allowing customers to access online content and services.

Digital Solutions: MTN offers a range of digital solutions tailored to various needs, including entertainment, education, health, and business. These solutions leverage technology to provide innovative services to customers.

Enterprise Solutions: MTN serves businesses with services like data connectivity, cloud solutions, and communication tools to support their operations and enable growth.


References
MTN Group
Leadership team

Mcebisi Jonas  (Non-Executive chairman)

Charles Molapisi  (CEO)

Industries

Energy and Utilities

Number of Employees
20,000 - 50,000
Headquarters
Innovation Centre, 216 14th Avenue, Fairland, Gauteng, 2195, South Africa.
Established
1994
Company Type
Public Limited Company
Company Registration
1993/001411/07
Traded as
JSE: MTN
Social Media

Related Companies

Related Companies

Mon Feb 26 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium