As the number one player in 14 out of 22 countries it operates, MTN was established in 1994 in South Africa. Immediately after its establishment, the company stretched its operation, and currently serving over 233 million customers in Middle East and Africa.
Presently, MTN operates in Zambia, Yemen, Uganda, Syria, Swaziland, Sudan, Afghanistan, Benin, Botswana, Cameroon, South Africa, Rwanda, Iran, Liberia, Nigeria, Ghana, Guinea Bissau, Guinea Republic, Republic of Congo (Congo Brazzaville), Cyprus and Cote d’Ivoire. As established in South Africa, MTN Group is listed on the JSE Securities Exchange with the code name “MTN”, which offer products and services such as data, voice, digital, devices, Fintech, cloud, IoT, infrastructure and managed networks.
MTN made an entry into the Ghanaian market after the acquisition of Investcom in 2006, making the company the leading telecommunications services provider in Africa and the Middle East.
As the leading telco operator in Ghana, MTN Ghana is headquartered in Accra, offering services such as data, voice, mobile financial and other digital services to about 20.1 million customers across the 16 regions of Ghana. With a market share of about 55.09%, MTN has over 17.83 million subscribers as at December 2018.
On 29 May 2018, MTN Ghana launched its initial public offering (IPO). The IPO closed on 31 July 2019. A total of up to 4,637,394,533 ordinary shares of MTN Ghana, representing 35% of its equity was offered to qualifying applicants.
This was part of the agreement between MTN Ghana and Ghana’s National Communications Authority (NCA) in November, 2015 for MTN Ghana to deploy 4G LTE mobile services to its customers in Ghana. Among other methods of payments, MTN mobile money was included as a payment option for the MTN share offer subscription. This was the first time mobile money had been used as a payment method in an IPO
As of Q4 2018, see the number of subscribers MTN has won in Ghana:
|Republic of Congo||2.464|
From the table, you can see that MTN has about 17.790 million subscribers in Ghana. Comparing this to the entire population of about 30million, MTN Ghana, has captured over 56% of Ghana’s population.
This means that more than half of Ghanaians have fully accepted MTN, and MTN is making a chunk of its revenue in West Africa from Ghana after Nigeria which has about 58.197 million subscribers.
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