MTN Group is a JSE-listed multinational company that offers voice and data, mobile financial, enterprise, and digital services.
MTN is a JSE-listed multinational company that offers voice and data, mobile financial, enterprise, and digital services. It serves individuals as well as SME, public sector, and corporate clients.The company’s traditional voice and data offerings include voice bundles, data bundles, bonus on recharge, and low-denomination recharge vouchers. Its mobile money product range includes international remittances, savings, lending, and insurance. MTN’s enterprise services are focused on connectivity, communication, cloud, M2M, and enterprise mobility.Through its investments with Rocket Internet AG in Africa Internet Holdings (AIH) and Middle East Internet Holdings (MEIH), MTN aims to to deliver a range of internet services in African continent and in the Middle East, including e-commerce retailing, market place, taxi, travel, classified, and food delivery services.MTN has launched, as part of its entertainment strategy, a host of products and services, including MTN FrontRow: a video-on-demand offering, and MTN Music+: a music streaming and downloading app which aims to promote African music.MTN was founded in 1994 and is headquartered in Johannesburg, South Africa. The company has operations in Afghanistan, Benin, Botswana, Cameroon, Ivory Coast, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo, Rwanda, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen, and Zambia. It has ISP licenses in Namibia and Kenya and a Value Added Service license in Ethiopia.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
May 30, 2016 | Post-IPO Debt | $114M | 4 | — | — | Detail |
Mar 1, 2009 | Post-IPO Equity | — | 1 | Cauris Management | — | Detail |
Oct 10, 2003 | IPO | — | — | — | — | Detail |
Jan 2, 1999 | Private Equity(PE) | $7.05M | 1 | Musa Capital | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Mar 1, 2019
Minute5
|
Non-Equity Assistant | — | Consumer | — |
Aug 2, 2017
Fenix International
|
Grant | $4M | Energy Efficiency | — |
May 9, 2017
Iranian Net Co.
|
Funding Round | $295M | Internet | Yes |
Oct 9, 2016
Snapp
|
Series A | €20M | Car Sharing | Yes |
Mar 3, 2016
Jumia Group
|
Series C | €360M | Consumer Goods | Yes |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Cauris Management | Yes | Post-IPO Equity |
Musa Capital | Yes | Private Equity(PE) |
Absa Bank Kenya | — | Post-IPO Debt |
Citibank | — | Post-IPO Debt |
Stanbic IBTC Bank | — | Post-IPO Debt |
Standard Chartered Bank | — | Post-IPO Debt |
MTN Group has had 2 exits. MTN Group most notable exits include Jumia Group , Fenix International
Date | Company Name | Exit Type | Industry | |
---|---|---|---|---|
Apr 12, 2019 | Jumia Group | IPO | Consumer Goods | Detail |
Oct 19, 2017 | Fenix International | M&A | Energy Efficiency | Detail |
MTN Group has acquired 5 organizations. Their most recent acquisition was Investcom on May 3, 2006. They acquired Investcom for $5.50B.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
May 3, 2006
Investcom
|
Consulting | acquisition | $ 5.50B | Detail |
Jun 2, 2014
Afrihost
|
Broadcasting | acquisition | — | Detail |
Sep 29, 2015
Smart Village
|
Computer | acquisition | — | Detail |
Jan 6, 2016
Visafone Communications
|
Mobile | acquisition | — | Detail |
Nov 14, 2018
Simfy Africa
|
Music | acquisition | — | Detail |