MTN Group Limited, a South African multinational corporation and mobile telecommunications provider, is a publicly traded company with multiple shareholders. The main shareholders include:
- Standard Bank: 46.78% of MTN’s issued share capital.
- Government Employees Pension Fund (GEPF): 22.01% of MTN’s issued share capital.
Other notable shareholders are First National Nominees, JP Morgan Chase Bank, and CMB Nominees.
MTN’s Operations in South Africa
MTN is headquartered in Johannesburg, South Africa, and operates in various countries across the African continent[5]. In South Africa, MTN is one of the leading mobile telecommunication operators, with 232 million mobile subscribers and 20 million mobile money subscribers[5]. The company’s revenue breakdown by activity includes:
- Mobile telecommunication services (92%)
- Sale of cell phones and accessories (5.4%)
- Other (2.6%)[3]
MTN’s net sales are distributed geographically as follows:
- South Africa (26.7%)
- Nigeria (33.1%)
- Ghana (10.6%)
- Côte d’Ivoire (4.9%)
- Uganda (4.7%)
- Cameroon (4%)
- Sudan (1.2%) and other (14.8%)
MTN’s Performance in 2022
MTN Group had a strong start to 2022, with its first-quarter service revenue increasing by 15.9% to R45.76 billion. The company’s revenue generated from data sales increased by 37.3% compared to the first three months of 2021, while fintech revenue grew 21.2%. Group earnings before interest, tax, depreciation, and amortization (EBITDA) rose 21.1%, with the EBITDA margin improving to 46.4% from 45.8%.
In conclusion, MTN is a major player in the South African telecommunications industry, with a strong presence in various African countries. The company’s performance in 2022 indicates a positive outlook for its future growth and expansion.
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