MTN makes Citi’s World Champions List - CNBC Africa

MTN makes Citi’s World Champions List

Southern Africa

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MTN logo. PHOTO: MTN South Africa

“Being named on the World Champions list is exciting and humbling, especially as MTN commemorates its 20th anniversary this year. This global recognition signifies that we continue to play a vital role in our industry,” says MTN Group president and CEO Sifiso Dabengwa in a statement.

MTN was listed alongside global companies such as Apple, Google, Facebook and Microsoft.

Companies on the list, according to MTN, are required to have a market value in excess of 30 billion rand, rank in the top three in terms of market share in their segment, have global reach as well as a lasting sustainable business model.

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Dabengwa added that MTN’s pioneering strategy continues to look at ways to enhance shareholder value and transform the lives of its customers through technology.

According to the list, MTN was chosen based on its operation in 21 countries, is the number 1 player in 15 of its markets and second in the rest.

“From a single licence in South Africa awarded in 1994, MTN has invested hundreds of billions of rand in state-of-the-art networks and licences to now connect 210,1 million people in 22 countries across Africa and the Middle East,” MTN said.

“From basic voice calls and messaging services, MTN has broadened its offering to include numerous innovative communication, content and entertainment services.”

Bharti Airtel also made the list for its dominant and growing presence in Africa.

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MTN has a 37 per cent market share in South Africa, and recorded over 40 million subscribers across its operations in 2006. The group is active in Benin, Afghanistan, Liberia and Uganda, among other countries.