MTN and COVID-19
MTN to Focus on African Markets and Ditch Middle East
MTN has announced that it is focusing its strategy on the African markets. “As part of our ongoing portfolio review, we believe the group is best served to focus in the future on our pan-African strategy,” says MTN Group CEO, Rob Shuter. “We will, therefore, be exiting the Middle East in an orderly manner over the medium term. As a first step, we are in advanced discussions to sell our 75% stake in MTN Syria.” The news comes after the telco announced that it added 11 million subscribers in the first six months of the year to reach a total base of 262 million. By the end of June 2020, MTN had 102 million active data users and 38 million active Mobile Money users. Despite lockdown restrictions impacting network rollout, MTN Group invested R10 billion in capital expenditure across...
MTN Ranked as the Most Admired African Brand
MTN has again been ranked as the ‘Most Admired African Brand’ based on spontaneous consumer responses in Brand Africa 100: Africa’s Best Brands 2020 survey. The survey, which was released on Monday, shows that MTN is also the only African brand in the rankings of the ‘Most Admired Brands in Africa’. Covering 27 countries, representing around 80% of the population and the GDP of Africa, the group is now also considered one of the continent’s most admired media brands. MTN Mobile Money – through which MTN provides more than 35 million Africans access to financial services – remains one of Africa’s most admired finance brands. The Group also maintained its top position in the telecoms provider category. “We are thrilled to receive these accolades as the continent celebrates Africa Day,” says ...
