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March 30, 2015 11:24 PM ET

Wireless Telecommunication Services

Company Overview of MTN Nigeria Communications Limited

Company Overview

MTN Nigeria Communications Limited provides cellular telecommunications services in Nigeria. It offers cellular network access and ICT solutions. The company also provides Internet services, such as video calling, data services and Internet browsing, mobile Internet, and mobile WiFi services. In addition, it offers international roaming services, including data roaming, in-flight roaming, and WiFi roaming services. Further, the company provides voice SMS, fashion and lifestyle tips, mobile TV, bulk SMS service, mobile newspaper, radio, back up, conference call, and missed call alert services. The company was founded in 2001 and is based in Lagos, Nigeria. MTN Nigeria Communications Limited o...

Maritime House

Apapa-Oshodi Expressway

Apapa

Lagos,  102241

Nigeria

Founded in 2001

Phone:

234 803 10188

Fax:

234 839 02961

Key Executives for MTN Nigeria Communications Limited

Chief Executive Officer
Age: 44
Chief Financial Officer
Chief Marketing & Strategy Officer of MTN Group Ltd
Human Resources Executive
Compensation as of Fiscal Year 2014.

MTN Nigeria Communications Limited Key Developments

MTN Nigeria Announces Audited Earnings Results for the Year Ended December 31, 2014

MTN Nigeria announced audited earnings results for the year ended December 31, 2014. The company grew its subscriber base by 5.5% in 2014, increasing total subscribers to 59.9 million. This was a satisfactory performance given regulatory restrictions relating to the regulator's 2013 ruling that declared the company a 'dominant operator'. Performance was underpinned by improved segmented offerings to high value customers and seasonal promotions aimed at growing subscribers and increasing usage. The operation reported 1.5 million net additions in the last quarter following regulatory approval of select promotional offerings from October 2014 onwards. Total revenue increased by 12.1% or 3.7% in constant currency terms, below expectations, although MTN's revenue market share remained stable. Growth in revenue was impacted by a decline in on net traffic due to the dominance ruling and lower than anticipated subscriber numbers. Data revenue continued to grow strongly, increasing by 28.3% to contribute 18.6% of total revenue at year end. This was mainly a result of the 18.1% increase in data users, increased smart phone penetration and the introduction of products such as the 4.5G smart phone data plan. The EBITDA margin was increased by 1.6% points to 58.6% on a like for like basis (excluding the reversal of the management fee in 2013). This was supported by cost optimization initiatives, including a revised commission structure and managed services implemented during the year. In December, costs were affected by the sale of the company's towers to the tower company and the subsequent lease expenses incurred. During the year, the company's capital expenditure was aimed at meeting the growing demand for data. Although capex declined by 41.4% in the year, sufficient quality and headroom has been achieved on the network and the operation has the flexibility to rapidly roll out as required.

Alcatel-Lucent and MTN Nigeria Launch Fiber-Optic Network in Nigeria

Alcatel-Lucent has launched a 100 gigabit-per-second fiber-optic network with MTN Nigeria, a subsidiary of MTN Group. MTN Nigeria, which covers more than almost 90% of Nigeria's land mass, will deploy a 100G network that re-uses existing 10G optical assets thereby preserving MTN past investments while ensuring future proof and solution. Alcatel-Lucent is supporting MTN Nigeria's rapid growth in mobile subscribers by building a 100G DWDM/OTN network using Alcatel-Lucent's 1830 Photonic Service Switch (PSS) platform, a family of equipment that has been designed according to the latest international SD-FEC zero touch photonics and coherent technology. Alcatel-Lucent Agile Optical Networking combines WDM, OTN, and GMPLS/ASON control plane intelligence to assure scalable, versatile, reliable and efficient transport at 100G and beyond.

MTN Nigeria Appoints Ferdi Moolman as CFO

MTN Group has appointed Mazen Mroue, currently CEO of MTN Uganda, as the new chief operations officer of MTN Irancell. He will be succeeded in Uganda by Brian Gouldie, the Chief Marketing Officer of MTN South Africa. Ferdi Moolman, currently the Chief Operations Officer at MTN Irancell, has been appointed to the position of CFO at MTN Nigeria.

Similar Private Companies By Industry

Company Name Region
Bharti Airtel Nigeria Limited Middle East/Africa
Intercellular Nigeria Plc Middle East/Africa
ZOOM Mobile Middle East/Africa
Emerging Markets Telecommunication Services Limited Middle East/Africa
Gicell Wireless Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 4, 2014
MTN Nigeria Communications Limited, 9151 Towers in Nigeria
 

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