MTN Group Limited is a mobile operating company listed on the Johannesburg Stock Exchange (JSE) that offers voice, data and digital services to retail customers in approximately 20 countries where it has telecoms licenses, as well as enterprise solutions to corporate, small and medium enterprises (SME) and public sector customers in over 30 countries.
MTN Group Limited is an emerging market mobile operator inspired by a belief that everyone deserves the benefits of a modern connected life and by December 2019 it had 251 million customers across Africa and the Middle East.
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Who Is MTN Group
MTN Group is a leading telecommunications operator in Africa and the Middle East, renowned for its extensive reach across 19 countries and its mission to provide reliable connectivity and digital solutions to underserved regions. Established in 1994, MTN has grown into one of the continent’s largest mobile network providers, with services spanning voice, data, fintech, digital services, and enterprise solutions.
Known for its innovative approach, MTN has been instrumental in expanding mobile and internet access in Africa, aiming to bridge the digital divide and support economic growth by empowering individuals and businesses through improved connectivity. MTN is also dedicated to sustainability, with initiatives focused on reducing environmental impact and fostering digital inclusion across its footprint.
Today, MTN Group Limited has a diversified portfolio of products and services in more sectors of the Telecommunications value chain and renders the following services: voice and data services, connectivity, communication and collaboration solutions, develops platforms that will expose and leverage its connectivity and payment capabilities, advanced instant messaging and communications platforms, a range of entertainment offerings by building on MusicTime to expand its SmartTime based service offerings to other media segments including video and gaming.
MTN Shares – Recent Performance & Data
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MTN Group, Africa’s largest telecommunications operator, has faced significant financial challenges in 2024. In the first half of the year, the company reported a loss before tax of R9 billion, a stark contrast to the restated profit of R8.3 billion during the same period in 2023.
This downturn was primarily due to the devaluation of the Nigerian naira and operational difficulties in Sudan. Group service revenue decreased by 20.8% to R85.3 billion; however, on a constant currency basis, it rose by 12.1%. Notably, service revenue from South Africa increased by 3.3% to R21.1 billion, while revenue from Nigeria dropped by 52.9% to R20.5 billion but grew by 32.4% in constant currency terms.
In response to these challenges, MTN has implemented strategic measures to strengthen its financial position. The company is pursuing cost efficiencies, aiming to achieve R7-8 billion in savings over the next three years, with a significant portion expected from its Nigerian operations. Additionally, MTN is seeking regulatory approval to adjust tariffs for voice and data services in Nigeria to better manage expenses, particularly those related to contracts with tower operators. The company has also made progress in its asset realisation programme, raising R21.7 billion to date and targeting a total of R25 billion by next year through non-core asset sales and reducing ownership stakes in certain businesses.
MTN Stock Chart – 5 Year
Over the past five years, MTN Group has experienced a mix of growth and challenges. The company expanded its subscriber base, reaching 295 million by the end of 2023, and achieved double-digit service revenue growth in key markets like Nigeria and Ghana. However, MTN faced significant hurdles, including currency devaluations, notably the Nigerian naira, and geopolitical tensions in regions such as Sudan, which adversely affected financial performance.
MTN Group, The Essentials
MTN Group Limited has its headquarters at 216 – 14th Avenue, Fairland, Roodepoort, 2195.
The company currently employs more than 19,000 employees.
The company currently serves customers across South Africa, Nigeria, Ghana, Cameroon, Ivory Coast, Uganda, Syria and Sudan. The majority of the company’s revenue is earned through South Africa and Nigeria.
The current CEO of MTN Group Limited is Ralph Mupita, and the stock forms part of the Mobile Telecommunications Industry and the Telecommunications Sector of the Johannesburg Stock Exchange (JSE).
How to buy MTN Shares – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade MTN Group Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “MTN”.
- Select a stock broker that offers access to the Johannesburg Stock Exchange (JSE).
- Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
YOUR CAPITAL IS AT RISK
