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Last 21,875
Change Today +121.00 / 0.56%
Volume 1.3M
MTN On Other Exchanges
As of 6:28 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

mtn group ltd (MTN) Snapshot

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52 Week High
09/8/14 - $26,344
52 Week Low
01/13/15 - $19,800
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mtn group ltd (MTN) 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 (MTN) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: R22.6M
Founder and Chief Executive Officer of South ...
Total Annual Compensation: R14.3M
Chief Financial Officer, Financial Director a...
Total Annual Compensation: R12.3M
Group Chief Operating Officer
Total Annual Compensation: R4.4M
Chief Executive Officer of Nigeria Operations
Total Annual Compensation: R10.9M
Compensation as of Fiscal Year 2014.

mtn group ltd (MTN) Key Developments

MTN Announces Call Centre Closed on May 24, 2015 as the Strike over Pay and Bonuses

MTN's call centre was closed on May 24, 2015 as the strike over pay and bonuses at the company continued. The cellular communications company also had to close its e-billing portal after security flaws were exposed. Call centre staff in Gauteng and Limpopo had been on a go slow, and then went on a protected strike on May 20, 2015. Communication Workers Union said so far the issues resolved included an agreement to convert casual staffers into permanent staff employed by MTN; double pay for working on a Sunday or a public holiday; and that the dispute over whether they had enough union members at MTN to be recognised, would be dealt with in an audit process starting on May 26, 2015. On the issue of the bonus, CWU had dropped its demand from 16% to 12%, and on salary increases, from 10% to 8%.

MTN Reportedly Acquires Telecel Zimbabwe

MTN Group Limited (JSE:MTN) is planning to buy TeleceL Zimbabwe Pvt. Ltd. Information Communication Technology and Courier Services minister Supa Mandiwanzira is reported to have revealed that MTN has taken over Telecel Zimbabwe, at least two people in closer to the talks have revealed. Potraz had given a notice of 30 days to Telecel Zimbabwe on April 28 for completing operations on the basis, which the firm had failed to comply with the country's indigenisation laws and to pay for its licence fees. In its regulatory order 1/2015, Potraz has seen a letter from the ICT minister dated 02 April that was an acceptance by the government of Global Telecom's offer to sell its indirect 60% stake in Telecel to the government.

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.


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