MTN stands for “Mobile Telephone Network” in the telecommunication industry
What does MTN stand for?
MTN in the telecommunication industry stands for “Mobile Telephone Network”
OTHER Meanings of MTN
|MTN||Medium-Term Note (banking/finance)|
|MTN||Mobile Telephone Number|
|MTN||Military Training Network (various schools)|
|MTN||Mobile Telephone Network (South African cellular service provider)|
The company, which operates in more than 20 countries, makes one-third of its revenues in Nigeria, where it has a 35 per cent market share.
The company’s headquarters are in Johannesburg. MTN had 280 million users as of December 2020, making it the world’s sixth-biggest mobile network operator and Africa’s largest.
Read Also: How do I get my MTN SIM number?
M-Cell was founded with the help of the South African government in 1994.
John Beck, the company’s then-CEO, was succeeded by Leena Jaitley and Robert (Bob) Chaphe in 1995.
Irene Charnley was the chairperson in 2001, while Johnnic Holdings was the biggest shareholder.
In 2002, Phuthuma Nhleko took over as CEO from then-CEO Paul Edwards, who had invested in a Nigerian expansion.
Vodacom, Cell C, and Telkom Mobile are among MTN’s competitors in South Africa.
Bharti Airtel, an Indian telecom operator, considered buying MTN Group in May 2008. MTN and Reliance Communications were also discussing “perhaps merging their businesses.” The two companies’ merger talks came to an end in July.
In June 2008, MTN Group acquired Verizon Business South Africa, a data services provider with clients in South Africa and four other African nations. The acquisition was finalized on February 28, 2009.
MTN Group amalgamated with Belgacom International Carrier Services (BICS), a Belgacom subsidiary, on June 26, 2009. MTN’s carrier services were routed through the consolidated subsidiary, which also served as an international gateway.
MTN and Afrihost struck a collaboration in October 2012 to provide DSL broadband services in Africa.
Shanduka Group, a South African holding firm, paid $335 million for a minority stake in MTN Group’s Nigeria operations in November 2012.
In Kaduna State, there is an MTN mast.
MTN was crowned Africa’s Most Admired and Valuable Brand in the 2014 BrandZ Top 100 Most Valuable Global Brand rankings. MTN’s position as Africa’s Most Admired and Valuable Brand was maintained in 2015.
Rob Shuter was hired as the company’s chief executive officer in March 2016. Ralph Mupita was named Chief Executive on September 1, 2020, succeeding Shutter.