Wireless Telecommunication Services
Company Overview of MTN Group Limited
MTN Group Limited operates in the telecommunications industry. It offers voice and data services; and business services, such as cloud, infrastructure, network, software, and enterprise mobility. The company also provides MTN mobile money account, which enables to make payments, buy prepaid services, and withdraw cash. In addition, it offers digital lifestyle products, including MTN Play that offers games, music, news, and lifestyle services; and MTN Football, a game. As of December 31, 2014, the company served 223.4 million subscribers in 22 countries in Africa, Asia, and the Middle East. MTN Group Limited was founded in 1994 and is headquartered in Johannesburg, South Africa.
216 14th Avenue
Founded in 1994
Key Executives for MTN Group Limited
Chief Executive Officer, President and Executive Director
Total Annual Compensation: $22.6M
Chief Financial Officer, Financial Director and Executive Director
Total Annual Compensation: $12.3M
Group Chief Operating Officer
Total Annual Compensation: $4.4M
Chief Executive Officer of South Africa
Total Annual Compensation: $14.3M
Chief Executive Officer of Nigeria Operations
Total Annual Compensation: $10.9M
Compensation as of Fiscal Year 2014.
MTN Group Limited Key Developments
MTN Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015
Jul 28 15
MTN Group Limited announced that the company expected a decrease of between 10% and 15% (equating to a range of between 656 cents and 620 cents) in basic headline earnings per share and a decrease of between 10% and 15% (equating to a range of between 658 cents and 621 cents) in attributable earnings per share for the period ended 30 June 2015 when compared with the previously reported HEPS and EPS of 729 cents and 731 cents per share, respectively, for the period ended 30 June 2014.
MTN Group Seeks Acquisitions
Jul 26 15
MTN Group Limited (JSE:MTN) is looking for acquisition opportunities. Mteto Nyati, Chief Executive Officer of MTN said, "MTN wants to build this network as fast as it can, and is considering acquisitions to help it become a significant rival to Telkom in fixed lines."
Vodafone Group and MTN Group Announces Agreement to Interconnect their Mobile Money Services
Jul 10 15
Customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other following an agreement between Vodafone Group and MTN Group to interconnect their mobile money services. The interconnect collaboration between the region’s two biggest mobile money operators will enable convenient and affordable international remittances between M-Pesa customers in Kenya, Tanzania, Democratic Republic of Congo and Mozambique, and MTN Mobile Money customers in Uganda, Rwanda and Zambia. Under the terms of their Memorandum of Understanding, MTN Group and Vodafone Group will also share best practice and work together to define the rules and standards of mobile-based remittances in Africa.
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