MTN, led by Zimbabwean executive Ralph Mupita, hits 300 million subscribers
MTN under Ralph Mupita surpasses 300 million subscribers, marking a major milestone in African telecoms.
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MTN under Ralph Mupita surpasses 300 million subscribers, marking a major milestone in African telecoms.
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
The remarks came a day after reports suggested MTN was reconsidering a takeover bid for Telkom, which owns South Africa’s biggest fiber network.
MTN expands Karl Toriola’s role to VP for Francophone Africa as Nigeria drives growth and South Africa lags in group earnings.
MTN Group grows to 298 million users, reports $6 billion revenue, with data, fintech, and Nigeria-Ghana markets leading gains.
MTN Group repurchases $357.8 million worth of shares from MTNZF, closing BEE scheme and strengthening its balance sheet under CEO Ralph Mupita’s leadership.
This impressive turnaround comes from growth across its key markets, particularly in Nigeria and Ghana.
By employing multiple monetization strategies, the platform will be adaptable to the unique demands of different African markets.
This is a major twist in the ongoing legal battle between Baba Ahmadou Danpullo and First National Bank (FNB), with MTN Cameroon caught in the middle.
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
While business remained stable in South Africa, Uganda, Ghana, and Cameroon, the situation in Nigeria, Afghanistan, and Sudan weighed heavily on overall performance.
MTN’s sale of its Guinea-Conakry operations underscores the company’s commitment to optimizing its portfolio.
This alliance will focus on developing Open RAN (ORAN) solutions tailored to Africa’s diverse telecommunications needs.
The move is part of MTN’s broader strategy to enhance its existing network with satellite technology.
The telecom giant is championing initiatives that promote intra-African trade and connectivity, seeking to drive economic growth across the continent.