MTN Group news
MTN Group Announces New Digital & FinTech CFO
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MTN Nigeria Reports Increased Earnings Despite Losing 7.6M Subscribers
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Nigeria has released its unaudited results for the half-year ended June as the telco celebrates its 20th anniversary. The results show that its mobile subscriptions had declined by 7.6-million to 68.9-million. Subscriptions had been significantly impacted by regulatory restrictions on new SIM sales and activations. Active data users also saw a decline by 52,000 to 32.5-million. However, Independent Media reports that MTN Nigeria saw voice revenue grow by 13.1%, benefiting from an 11.8% increase in traffic and its new customer value management initiatives. The impact of the industry-wide suspension of new SIM registrations was partially mitigated by higher usage in the company’s active SIM base, as well as the firm’s migration to “hi...
MTN Commits $1.5-Billion for Broadband Access Across Nigeria
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Nigeria plans to invest 640-billion naira (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s Ambition 2025 strategy. “Nigeria is one of our most important markets. We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation,” said MTN Group President and CEO Ralph Mupita after a three-day visit to Abuja and Lagos, in which he met a number of key stakeholders. These included President Muhammadu Buhari; Vice President Oluyemi Oluleke Osinbajo; Minister of Communications and Digita...
MTN Appoints New CEOs in Benin and Cameroon
Image sourced from Pinterest. MTN has appointed new CEOs for two of its West African operations, MTN Cameroon and MTN Benin. Stephen Blewett, the current CEO of MTN Benin, will take the helm at MTN Cameroon on 1 August 2020 when Uche Ofodile, the current CEO of MTN Liberia, will become the CEO of MTN Benin. “I would like to congratulate Stephen and Uche on their appointments,” says MTN Group president and CEO, Rob Shuter. “Both are renowned for harnessing the power of people to move businesses forward. This is evident in the significant improvements in employee engagement, as well as overall performance, at MTN’s operations in Benin and Liberia in the past few years.” Karl Toriola, VP for MTN’s West and Central Africa region, thanked Stephen and Uche for their commitment and contribution: ...
MTN Records 100 Million Active Users Across Africa
Sourced from The Techie Guy Access to the Internet has the power to change lives and bridge inequalities. With this in mind, MTN Group has announced that has reached a significant milestone by recording 100 million active data users on its networks across Africa and the Middle East. “We believe that everyone deserves the benefits of a modern connected life,” says MTN Group president and CEO, Rob Shuter. “We are delighted to have connected 100 million of our customers to the power of the Internet as we have increased data coverage and reduced the cost to communicate across our markets.” MTN has a total base of more than 257 million customers in 21 markets. Growth through scaling data and digital services is central to its strategy. The group is overcoming the barriers to greater mobile inte...
