MTN Group

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MTN Group
Type Private
Founded 1994
Headquarters South Africa
Key people Phuthuma Nhleko, CEO
Industry Telecommunications
Products GSM-related products
Internet services
Website www.mtn.com
MTN vehicle in Kampala, Uganda
MTN vehicle in Kampala, Uganda

MTN Group is a South Africa-based multinational mobile telecommunications company, operating in many African and Middle Eastern countries.

MTN describes itself as "the leader in telecommunications in Africa and the Middle East" and as of early 2007 is active in 21 countries.[1] (Since 2000, Africa has been the fastest growing mobile phone market in the world.[2])

MTN Group's President and CEO is Phuthuma Nhleko. The company sponsors the CAF Champions League football competition.

Contents

[edit] Coverage

MTN acquired Investcom, thereby expanding to ten more countries.

As of early 2007, MTN is active in:

MTN is expanding its operations to Pakistan.

MTN group global locations
MTN group global locations

[edit] Business

MTN's competition in South Africa includes the company Vodacom.

In May 2008, it emerged that Bharti Airtel, an Indian-based telecommunications company, was exploring the possibility of buying MTN Group. The Financial Times reported that Bharti was considering offering US$19 billion for a 51% stake in MTN, which would be the largest overseas acquisition ever by an Indian firm. However, both sides emphasize the tentative nature of the talks, while The Economist magazine noted, "If anything, Bharti would be marrying up," as MTN has more subscribers, higher revenues, higher profits and broader geographic coverage.[3]

[edit] References

  1. ^ Sources:
    • A TV advertisement repeatedly shown on Al Jazeera English in January 2007 included the above quote and the statement "now in 21 countries".
    • The MTN website states: "MTN (...) now has a footprint in 21 countries in Africa and the Middle East."[1]
  2. ^ http://news.bbc.co.uk/1/hi/world/africa/3686463.stm
    http://news.bbc.co.uk/1/hi/business/4331863.stm
    http://www.timesonline.co.uk/article/0,,3-2068420,00.html
  3. ^ "Emerging-market telecoms: Eyes on Africa", The Economist, 6 May 2008

[edit] External links

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