MTN Group

company

About

MTN Group is a JSE-listed multinational company that offers voice and data, mobile financial, enterprise, and digital services.

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$114M
Industries
Delivery Service,Mobile,Telecommunications,Wireless
Founded date
Jan 1, 1994
Number Of Employee
10001 - max
Operating Status
Active
Stock Symbol
jse:MTN
Legal Name
Mobile Telephone Networks (Proprietary) Limited, MTN Group Limited
Also Known As
M-Cell,MTN

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$121.05M
MTN Group has raised a total of $121.05M in funding over 2 rounds. Their latest funding was raised on May 30, 2016 from a Post-IPO Debt round.
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

Investments

Number of Investments
Number of Lead Investments
8
3
MTN Group has made 8 investments. Their most recent investment was on Mar 1, 2019, when Minute5 raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 1, 2019 Minute5
Non-Equity Assistant Consumer
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

Investors

Number of Lead Investors
Number of Investors
2
6
MTN Group is funded by 6 investors. Cauris Management and Musa Capital are the most recent investors.
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

Employee Profiles

Number of Employee Profiles
46
MTN Group has 46 current employee profiles, including Executive Ferdi Moolman
Executive
Executive
Employee
Employee

Exits

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

Acquisition

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
Mobile acquisition Detail
Nov 14, 2018 Simfy Africa
Music acquisition Detail