April 20, 2018 4:49 AM ET

Wireless Telecommunication Services

Company Overview of MTN South Africa

Company Overview

MTN South Africa is a mobile network operator in South Africa. It provides news, sports, and event-related information to its consumers. The company also offers customer services in the telecommunications industry. In addition, it provides Steppa tablet that offers Internet to students, learners, and entrepreneurs. Further, the company provides Music+, a platform that offers its users with the ability to simultaneously stream and download music and videos offline. MTN South Africa sells its services through formal and informal outlets, such as service centers; and Steppa tablet through retail stores. The company was founded in 1994 and is based in South Africa. MTN South Africa operates as a...

216 - 14th Avenue

Fairland,  2195

South Africa

Founded in 1994

Phone:

27 11 912 3000

Fax:

27 11 912 3001

Key Executives for MTN South Africa

Chief Executive Officer
Age: 43
Chief Operating Officer
Age: 47
Managing Director
Age: 61
Group Chief Strategy Officer
Age: 60
Chief Consumer Officer
Compensation as of Fiscal Year 2017.

MTN South Africa Key Developments

Ericsson and Qualcomm Technologies Successfully Completes Lab Trial for Cat-M1 Solution with MTN South Africa

Ericsson and Qualcomm Technologies have successfully completed a lab trial for a Cat-M1 solution with MTN South Africa in support of MTN's Internet of Things (IoT) ambitions. The Cat-M1 trial uses IoT devices integrated with a Qualcomm MDM9206 global multimode LTE IoT modem and the Ericsson Massive IoT Radio Access Network product. The successful test will ensure MTN continues to lead in technological IoT advancements and will prepare MTN for a new wave of solutions that can be implemented in the new future. MTN South Africa will continue trialling devices and applications for Cat-M1 in its Test Bed lab. Cellular IoT technologies, such as Cat-M1 and their evolution into 5G, set a solid foundation for massive IoT by reducing complexity, lowering power consumption, expanding coverage, and increasing device density. Cat-M1 enables advanced IoT applications by providing hundreds of kilobits per second in throughput, mobility, and VoLTE support. Examples of typical Cat-M1 IoT applications include smart watches or fitness bands with integrated voice communications services, pet tracking devices, point of sale terminals, vending machines and vehicle tracking with emergency calling support.

MTN South Africa Announces Earnings Results for the Six Months Ended June 30, 2017; Revises Capital Expenditure Guidance for the Year 2017

MTN South Africa announced earnings results for the six months ended June 30, 2017. For the period, the company reported total revenue of ZAR 20,156 million against ZAR 10,841 million a year ago. EBITDA was ZAR 6,760 million against ZAR 5,979 million a year ago. Capital expenditure was ZAR 3,475 million against ZAR 4,773 million a year ago. For the year 2017, the company now expects capital expenditure of ZAR 11,501 million against previous guidance of ZAR 11,526 million.

MTN South Africa Announces Preliminary Audited Earnings Results for the Year Ended 31 December 2016

MTN South Africa announced preliminary audited earnings results for the year ended 31 December 2016. The company showed a positive turnaround in the second half of the year, benefiting from improved 3G and LTE network quality and aggressive sales of smartphones. The operation's subscriber base increased by 0.6% to 30.8 million, driven by the pre-paid segment, which increased its base by 0.9% to 25.6 million. The number of post-paid subscribers declined by 1.1% to 5.2 million, largely impacted by network quality challenges experienced, systems and customer service issues in the first half of 2016. Total revenue increased by 4.7% to ZAR 41,922 million mainly as a result of device revenue. Capex increased by 1.3% to ZAR 11,085 million for the year, and retained a strong focus on 3G and LTE network investment. The operation rolled out 1,134 co-located 3G sites and 1,538 LTE sites. EBITDA was ZAR 13,811 million against ZAR 13,370 million a year ago.

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