February 27, 2015 2:45 AM ET

Wireless Telecommunication Services

Company Overview of MTN Group Limited

Company Overview

MTN Group Limited provides voice and data communications products and services to individuals and businesses. The company offers voice services, including prepaid and postpaid airtime through 2G, 3G, and LTE networks, interconnection services to other telecoms networks, and international roaming and teleconferencing facilities, as well as various community payphone models; Me2U, a service that enables customers to share airtime with one another; topup services; and MTN Zone, a discounted call rate service. It also offers data services, such as mobile and fixed data, mobile messaging, Web access, mobile finance, and mobile entertainment services. In addition, the company offers ICT services, ...

Innovation Centre

216 14th Avenue


Johannesburg,  2196

South Africa

Founded in 1994

25,424 Employees


27 11 912 3000


27 11 912 4093

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 South Africa Operations
Age: 53
Total Annual Compensation: $13.8M
Chief Financial Officer, Executive 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 Reportedly Eyeing Stake In Telkom

According to people familiar with the matter, MTN Group Limited (JSE:MTN) (MTN) is exploring the option of acquiring majority stake in Telkom SA SOC Limited (JSE:TKG) (Telkom). MTN is also reported to have held discussions about a possible offer for Telkom. "Telkom is engaging in discussions with a number of industry players to consider how we, as an industry, could operate more efficiently," Telkom spokeswoman Jacqui O'Sullivan said. MTN spokesman, Chris Maroleng declined to comment.

MTN Announces Executive Changes

MTN announced that it has appointed Suren Sooklal as group chief business risk officer, effective immediately. He replaces Shauket Fakie, who has been MTN group chief business risk officer for the past eight years and will retire this month. Sooklal joins the company from PricewaterhouseCoopers, where he held various roles during his 12-year tenure, including most recently, group audit engagement partner and group relationship partner on the MTN account and other listed companies. The company said in his new role, Sooklal will be responsible for establishing and implementing a risk management framework for the MTN Group, to effectively manage all risk exposures. He will also be required to work with the business leadership team and MTN operations to ensure risks are identified and proactively managed.

WorldRemit and MTN Partner to Benefit Subscribers from Uganda, Rwanda and Zambia

WorldRemit and MTN signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN's Mobile Money customers. The agreement extends WorldRemit's position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is experiencing rapid uptake, especially in Africa. MTN Mobile Money is increasingly an important part of MTN's service offering, and the partnership with WorldRemit further strengthens the operator's position in cross border remittances. To kick-start the partnership, MTN's operations in Uganda, Rwanda and Zambia will be added to WorldRemit's list of mobile recipient options, with additional countries following soon after. MTN Mobile Money enables users to perform local and international money transfers, make utility payments, save money in their interest bearing mobile wallets, purchase airtime and access a range of mobile financial products. More than 50% of all WorldRemit transfers to Africa are received in Mobile Money accounts or as mobile airtime top-ups.

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