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Last €9.62 EUR
Change Today 0.00 / 0.00%
Volume 422.0
As of 2:15 AM 11/30/15 All times are local (Market data is delayed by at least 15 minutes).

mtn group ltd (LL6) Snapshot

Previous Close
Day High
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52 Week High
04/29/15 - €19.07
52 Week Low
11/18/15 - €8.74
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mtn group ltd (LL6) Details

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.

19,475 Employees
Last Reported Date: 03/10/15
Founded in 1994

mtn group ltd (LL6) Top Compensated Officers

Chief Financial Officer, Financial Director a...
Total Annual Compensation: R12.3M
Group Chief Operating Officer
Total Annual Compensation: R4.4M
Chief Executive Officer of South Africa
Total Annual Compensation: R14.3M
Chief Executive Officer of Nigeria Operations
Total Annual Compensation: R10.9M
MTN SA Chief Executive Officer
Total Annual Compensation: R1.7M
Compensation as of Fiscal Year 2014.

mtn group ltd (LL6) Key Developments

MTN Appoints Phuthuma Nhleko as Executive Chairman

MTN has appointed Phuthuma Nhleko as executive chairman in a temporary capacity as Sifiso Dabengwa has resigned as CEO. Nhleko, the current non-executive chairman has agreed to act as executive chairman for a maximum period of six months while the company looks for a successor for Dabengwa. Nhleko has worked as non-executive director and chairman of the company from July 2001 until June 2002 and thereafter as an executive director, group president and CEO until March 2011. He has chaired the Group in a non-executive capacity for the past two and a half years.

MTN Announces Resignation of Sifiso Dabengwa as CEO

MTN announced resignation of Sifiso Dabengwa as CEO of the company due to problems in Nigeria, where the company's subsidiary has been hit with a $5.2 billion fine.

MTN Signs Multi-Year Agreement with Ericsson

MTN Group has signed a multi-year agreement with Ericsson, a provider of communications technology and services, to implement, support and manage Ericsson's Order to Cash suite. This solution enables MTN to standardize the customer experience of its products and services in all the markets it is operational. As part of the agreement, Ericsson will be responsible for the replacement of all legacy infrastructure with its new Charging System, Ericsson Multi Activation and Ericsson Multi Mediation across all MTN operations, enabling customers to activate new services more efficiently and to better monitor their data cost and usage. It will also enable MTN to respond more efficiently to customer related complaints. Ericsson will support, operate and manage this suite of products to ensure the benefits are realized across all MTN operations. Ericsson's Managed Services will allow for an agile launch of services, thus increasing MTN's capacity for innovation and speed that are essential for a sustainable and successful business differentiation. Multi Mediation supports the retrieval and processing of user data from all network nodes, so that such data can be made available to the relevant IT back-end systems and billed in real time. Multi Activation provides MTN with fully automated real-time fulfillment capabilities. End-to-end solutions help operators meet these challenges by helping them quickly develop new products, new packaging as well as pricing models that target specific user preferences, reducing time-to-market. This agreement not only reinforces partnership with MTN but places them in prime position to fulfill their strategic ambitions.


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