MTN Group

About

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

Johannesburg,NA - South Africa,South Africa
10001 - max
http://www.mtn.com

Highlights

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	—
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

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

Ferdi Moolman

Executive

Tumi Chamayou

Executive

Debbie Wilkins

Employee

Keneilwe Rapudungoane

Executive

Navi Naidoo

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
Jan 6, 2016 Visafone Communications	Mobile	acquisition	—	Detail
Nov 14, 2018 Simfy Africa	Music	acquisition	—	Detail