MTN NIGERIA @MTNNG

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Type
Public
Traded as JSE: MTN
Industry Telecommunications
Founded 1994
Headquarters Johannesburg, South Africa
Key people
Sifiso Dabengwa, President and CEO
Products GSM-related products
Internet services
Revenue Increase US$ 12.43 billion (2014)
Operating income
Increase US$ 4.81 billion (2011)
Net income
Increase US$ 2.915 billion (2011)
Total assets Decrease US$22.231 billion (2011),
Total equity Increase US$11.360 billion (2011)
Number of employees
17,509 (2010)
Slogan Everywhere you go
Website mtn.com

MTN Group, formerly M-Cell,  is a South Africa-based multinational mobile telecommunications company, operating in many African, European and Middle Eastern countries. Its head office is in Johannesburg. As of 30 September 2015, MTN recorded 233 million subscribers across its operations.

MTN Group’s President and CEO is Raymond Sifiso Ndlovu Dabengwa (from 1 April 2011).  The company sp−onsored the CAF Champions League football competition as well as APOEL FC, winners of the Cypriot First Division in 2009, 2011, 2013, 2014 and participants in the 2009–10 and 2011–12 UEFA Champions League.

On 18 March 2010, it was announced that MTN signed a sponsorship deal with English football club Manchester United F.C.

MTN acquired Investcom, mainly under the Areeba and Spacetel brands.

MTN’s competition in South Africa includes Vodacom, Cell C, Virgin Mobile, and Telkom Mobile.

In May 2008, it emerged that Bharti Airtel, an India-based telecommunications company, was exploring the possibility of buying MTN Group. The Financial Times reported that Bharti was considering offering US$19 billion for a 51% stake in MTN, which would be the largest overseas acquisition ever by an Indian firm.

Talks fell through after a few days and Bharti Airtel pulled out of the proposed deal on 24 May. Two days later, it was reported that another Indian telecommunications company, Reliance Communications, was in talks with MTN for a “potential combination of their businesses”. If realized, the estimated worth of the combined entity would have been $70 billion (£35 billion), with 116 million subscribers worldwide.

On 18 July, the two companies announced that they had mutually decided to end discussions regarding the merger.

In June 2008, MTN Group agreed to purchase Verizon Business South Africa, which was a provider of data services to corporate customers in South Africa and four other African countries.  The acquisition was completed on 28 February 2009.  MTN positioned themselves to provide DSL Broadband services in Africa, particularly South Africa, through its partnership with leading South African ISP, Afrihost.

In June 2008, MTN Group agreed to purchase Verizon Business South Africa, which was a provider of data services to corporate customers in South Africa and four other African countries.  The acquisition was completed on 28 February 2009.  MTN positioned themselves to provide DSL Broadband services in Africa, particularly South Africa, through its partnership with leading South African ISP, Afrihost.

South African holding company Shanduka Group acquired a minority stake in MTN Group’s Nigeria business for $335 million in November 2012.

MTN has been criticized for its activities in Iran’s telecommunications sector. MTN has a 49 percent stake in government-controlled MTN Irancell, the second-largest mobile phone operator in Iran, and 21 percent of MTN’s subscriber base is from the country. In January 2012, the U.S.-based advocacy group United Against Nuclear Iran (UANI) launched a campaign publicly calling for MTN to scale back its operations in Iran and end its business in the country. UANI alleges that MTN technology is “enabling the Iranian government to locate and track individual cellphone users which it says is a violation of users’ human rights”.

In June 2012, Reuters and the BBC reported an allegation by Chris Kilowan, a former executive for the company in Iran, that MTN Group may have been complicit in securing American telecommunications technology from Sun Microsystems, Hewlett-Packard and Cisco Systems on behalf of Irancell, in violation of trade sanctions against Iran. Oracle, which owns Sun Microsystems, said that it was investigating and denied involvement, saying that it complies with U.S. export laws. Hewlett-Packard issued a similar statement. MTN Group denied the allegations, saying that it complied with U.S. sanctions against Iran.

On 26th October 2015, MTN Group was fined $5.2 billion by the Nigerian Communications Commission (NCC) for failing to disconnect non-registered SIM cards.

 Afghanistan 6.058 (formerly Investcom)
 Benin 3.259 (formerly Investcom)
 Botswana 1.700 (operates under the Mascom brand)
 Cameroon 9.236
 Republic of Congo 1.865
 Cyprus 0.399
 Ghana 13.055 (formerly Investcom)
 Guinea 2.885 (formerly Investcom)
 Guinea Bissau 0.490 (formerly Investcom)
 Iran 41.783 (operates under the MTN Irancell brand)
 Ivory Coast 7.521
 Liberia 1.355 (operates under the Lonestar Cell brand)
 Nigeria 57.224
 Rwanda 4.001
 South Africa 24.875
 Sudan 8.672 (formerly Investcom)
 South Sudan 0.732 (formerly Investcom)
 Swaziland 0.813
 Syria 5.723 (formerly Investcom)
 Uganda 9.549
 Yemen 5.185 (formerly Investcom, operates under the Spacetel brand)
 
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