MTN Group’s subscriber base now 210.1 million

MTN Group now connects 210.1 million people in 22 countries across Africa and the Middle East.

From a single licence in South Africa awarded in 1994, MTN said in a statement on Thursday that it had invested hundreds of billions of rand in state-of-the-art networks and licences.

From basic voice calls and messaging services,the firm said it had broadened its offering to include numerous innovative communication, content and entertainment services.

To this end, MTN Group was named as the only South African company on the World Champions list. The list, compiled by analysts from American multinational financial services company, Citi Group, names global companies dominating their respective industries.

Companies on the list must have a market value in excess of R30bn, be in the top three in terms of market share in their segment, and have global reach as well as a lasting sustainable business model.

“Being named on the World Champions list is exciting and humbling, especially as MTN commemorates its 20thanniversary this year. This global recognition signifies that we continue to play a vital role in our industry,” MTN Group President and Chief Executive Officer, Sifiso Dabengwa, said.

[Punch]

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