Who owns MTN?
MTN Group Limited is a South African multinational mobile telecommunications company, operating in many African and Asian countries. MTN Group sponsored the CAF Champions League football competition, as well as APOEL FC, winners of the Cypriot First Division in 2009, 2011, 2013, and 2014, and participants in the 2009–10 and 2011–12 UEFA Champions League. Who…
MTN Group Limited is a South African multinational mobile telecommunications company, operating in many African and Asian countries. MTN Group sponsored the CAF Champions League football competition, as well as APOEL FC, winners of the Cypriot First Division in 2009, 2011, 2013, and 2014, and participants in the 2009–10 and 2011–12 UEFA Champions League.
Who owns MTN?
The company was founded in 1994 as M-Cell with assistance from the South African government. In 1995, it replaced its then-CEO, John Beck, with Robert (Bob) Chaphe and founder Leena Jaitley. In 2001, the company reported that its controlling shareholder was Johnnic Holdings, and the chairperson was Irene Charnley. In 2002, Phuthuma Nhleko became the CEO, replacing then-CEO Paul Edwards, who had invested in expansion to Nigeria.
In March 2021, MTN CEO Ralph Mupita announced during the company’s annual results call that the group was now considering spinning off its mobile money activities. “We see a separation and carve out of our fintech business as something that we have to do”. In April 2021, he estimated the value of the group’s mobile money arm to be at least US$5 to 6 billion.
MTN South Africa provides GSM, UMTS, HSPA+ (21.1 Mbit/s), HSUPA (42 Mbit/s, 2100 MHz), VOIP, 3G, 4G, LTE, and 5G services. On 1 December 2011, MTN became the second cellular provider to introduce 4G and LTE in South Africa They were also the first network operator in South Africa to launch a live public 5G network available in Johannesburg and Cape Town On 30 June 2020.
