Mobile Telecommunications Network (MTN) Group Named On World Champions List

Mobile Telecommunications Network (MTN) Group has been named as the only South African company on the World Champions list.

According to analysts from American multinational financial services company, Citi Group, which names global companies dominating their respective industries, Companies on the list should have a market value in excess of R30bn, be in the top three in terms of market share in their segment and have global reach as well as a lasting sustainable business model.

MTN has been listed alongside iconic global companies including Apple, Google, Facebook and Microsoft.

MTN’s choice as one of the World Champions, according to the Citi Group, is based on the fact  that the company operates in 21 countries, is the number 1 player in 15 of its markets and number 2 in the rest. 

In reaction to the choice, MTN Group President and CEO, Sifiso Dabengwa, said being named on the World Champions list was exciting and humbling, especially as MTN commemorated its 20th    anniversary this year, adding that the global recognition signified that MTN continued to play a vital role in the telecommunications industry.

Mr Dabengwa said MTN was a pioneering company which continued to look at ways to enhance shareholder value and transform the lives of its customers through technology which, he said, was the key reason for the company’s success thus far.

From a single licence in South Africa awarded in 1994, MTN has invested hundreds of billions of rands in state-of-the-art networks and licences to now connect 210.1 million people in 22 countries across Africa and the Middle East. 

From basic voice calls and messaging services, MTN has also broadened its offering to include numerous innovative communication, content and entertainment services.

The MTN Group has become a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” 

As of 31 March 2014, MTN recorded 210.1 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia.