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May 06, 2015 4:38 PM ET

Wireless Telecommunication Services

Company Overview of MTN Group Limited

Company Overview

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.

Innovation Centre

216 14th Avenue



South Africa

Founded in 1994


27 11 912 3000


27 11 912 3001

Key Executives for MTN Group Limited

Chief Executive Officer, President and Executive Director
Age: 56
Total Annual Compensation: $25.1M
Founder and Chief Executive Officer of MTN South Africa
Age: 53
Total Annual Compensation: $13.8M
Chief Financial Officer, Financial Director, Executive Director and Chief Executive Officer of MTN Nigeria Communications Limited
Age: 49
Total Annual Compensation: $12.8M
Group Chief Operating Officer
Age: 44
Total Annual Compensation: $2.1M
Chief Executive Officer of MTN Nigeria
Age: 44
Total Annual Compensation: $5.0M
Compensation as of Fiscal Year 2013.

MTN Group Limited Key Developments

MTN Group Limited Reports Revenue Results for the First Quarter Ended March 31, 2015

MTN Group Limited reported revenue results for the first quarter ended March 31, 2015. For the quarter, the company reported that data revenue increased by 16.7% year-on-year, now contributing 20.8% to total revenue, organic data revenues increased 24.0% year-on-year.

Vodafone M-Pesa and MTN Mobile Money Agree to Interconnect Mobile Money Services

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. This interconnect collaboration 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.

MTN Group Limited to Report Q1, 2015 Sales/Trading Statement Results on Apr 23, 2015

MTN Group Limited announced that they will report Q1, 2015 sales/trading statement results on Apr 23, 2015

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