December 12, 2017 4:13 PM ET

Wireless Telecommunication Services

Company Overview of MTN Group Limited

Company Overview

MTN Group Limited operates in the telecommunications industry. It offers voice, data, access, virtual private network, and cloud solutions. It also provides digital services, such as mobile money account; and entertainment services, including MTN Football, Music, and Play. The company serves 240 million subscribers in 24 countries in Africa and the Middle East. MTN Group Limited was founded in 1994 and is headquartered in Johannesburg, South Africa.

Innovation Centre

216 14th Avenue

Fairland

Johannesburg,  2195

South Africa

Founded in 1994

17,054 Employees

Phone:

27 11 912 3000

Key Executives for MTN Group Limited

Non Executive Chairman
Age: 57
Total Annual Compensation: R68.2M
Chief Executive Officer of MTN Nigeria
Age: 53
Total Annual Compensation: R6.7M
Group Chief Consumer Officer of Bmarketing
Age: 49
Total Annual Compensation: R5.5M
Group Chief Business Risk Officer
Age: 61
Total Annual Compensation: R4.0M
Group Chief Digital Officer
Age: 57
Total Annual Compensation: R508.0K
Compensation as of Fiscal Year 2016.

MTN Group Limited Key Developments

MTN Group Limited Presents at Telecom Infra Project 2017 Summit, Nov-08-2017 11:10 AM

MTN Group Limited Presents at Telecom Infra Project 2017 Summit, Nov-08-2017 11:10 AM. Venue: Santa Clara Convention Center, 5001 Great American Pkwy, Santa Clara, California, United States. Speakers: Navindran Naidoo, Executive, Network Planning & Design.

MTN Group Limited Provides Group Earnings and Operational Results for the Period Ended 30 September 2017

MTN Group Limited provided group earnings and operational results for the period ended 30 September 2017. For the period, the company reported group total revenue and group service revenue reduced by 13.4% and 14.0% respectively largely due to exchange rate movements. For the period, the company's Voice traffic (billable minutes) increased by 9% and data traffic continued to grow strongly up by some 125% year-on-year.

9mobile Reportedly Received 16 offers

Emerging Markets Telecommunication Services Limited (9mobile) has received expressions of interest from sixteen telecom firms. Barclays Bank has received 16 bids for 9mobile, ThisDay reported. Bidders include MTN Group Limited (JSE:MTN), Bharti Airtel Limited (BSE:532454), nTels Co., LTD. (KOSDAQ:A069410), Bua International Limited, Morning Side Capital Partners, Africell Holding, Obot Etiebet & Co, The Blackstone Group, Private Equity Group, Adian Wood, and Telefonaktiebolaget LM Ericsson (publ) (OM:ERIC B), De-elim Services, Vietnam Military Telecoms Company, AB-Bro Limited, Hamilton and George International Limited and two other firms. Industry sources told the daily that the sixteen companies are preparing to access the data room to conduct their due diligence on 9mobile, preparatory for the bid submission stage.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 28, 2017
MTN Business Solutions Namibia (Proprietary) Limited
Merger/Acquisition
April 19, 2017
--
Merger/Acquisition
February 1, 2017
Nigeria Tower InterCo B.V.
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