MTN selects business support provider Tecnotree for its digital transformation journey

AFRICA – MTN, a mobile telecommunications services, has selected Tecnotree, a global provider of business support systems for the telecom industry, as a strategic partner for its digital transformation journey across MTN Benin, MTN eSwatini, MTN Zambia, MTN South Sudan and MTN Cote d’Ivoire. As part of the five-year collaboration with MTN, Tecnotree will deploy its Digital BSS Suite 5 to help accelerate the operator’s business growth, increase agility and boost operational efficiency. Compliant with TM Forum standards, the BSS suite will enable MTN to rapidly deliver new and engaging…

Read More

MTN Nigeria set to invest US$1.5bn to expand broadband access in the country

NIGERIA – MTN Nigeria, a mobile telecommunications company, has announced plans to invest N640 billion (US$1.5 billion), over the next three years to expand broadband access across the continent’s most populous country. The invest is in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress. “Nigeria is one of our most important markets. We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation,” said…

Read More

MTN partners gaming companies for convenient financial operation to their customers

NIGERIA – Y’ello Digital Financial Services (YDFS), a subsidiary of MTN Nigeria, has announced its partnership with gaming operators, Betway, BetPawa and Betmojo through its flagship mobile money transfer service, MoMo Agent. According to the partners, the development will enable customers to cash their winnings and fund wallets conveniently at any MoMo Agent outlet nationwide. “Partnerships are the fuel for progress within our communities. So, we are constantly exploring innovative relationships to help deliver cost-effective, fast, transparent, and reliable remittance services,” said Usoro Usoro, Chief Executive Officer, YDFS. “Our customers…

Read More

MTN gets US$2m from IFC to expand its mobile money business MoMo

SOUTH AFRICA – MTN South Africa has announced a US$2 million deal with the International Finance Corporation (IFC), a member of the World Bank Group, to expand MTN’s Mobile Money (MoMo) business in South Africa. The telco55 said the partnership will target the unbanked and underbanked population through establishing a strong network of MoMo agents in the country. According to a statement released by MTN, the partners will look to recruit 10,000 mobile money agents this year. The mobile network operator will identify, recruit, enrol, train, and supervise the new…

Read More

MTN posts strong Q1 results looks to sell towers in South Africa

SOUTH AFRICA – Mobile telecommunication giant MTN, has reported stellar results during the first quarter of 2021, boosted  by its South African operations, growth in data as well as fintech services. The mobile operator announced a strong and resilient operational and financial performance in the first quarter of 2021, with growth in service revenue exceeding medium-term guidance, driven by gains in data and fintech revenue. In a statement announcing the results to shareholders, MTN also said it is looking to conclude the sale of its tower infrastructure in South Africa…

Read More

MTN Rwanda sets up mobile money unit, appoints Chantal Kagame as its first head

RWANDA – Telecommunication company MTN Rwandacell Plc. (“MTN Rwanda”), has announced that it has received approval from the National Bank of Rwanda to set up its fintech subsidiary, Mobile Money Rwanda Ltd, to provide and manage mobile money services. The telecom giant has appointed Chantal Kagame as its Chief Executive Officer to drive business development, strategy, innovation, and day to day operations of the company. The setting up of Mobile Money Rwanda Ltd is in line with MTN Rwanda’s strategy to lead digital solutions while contributing to the national economic strategy…

Read More

MTN Nigeria partners Audiomack to offer free music streaming

NIGERIA – Audiomack, a music streaming and audio discovery platform, has partnered with MTN Nigeria, a telecom company, to unveil the Audiomack+MTN Data Bundle program. The program offers MTN subscribers tailored data bundles for streaming unlimited music and accessing content on Audiomack free of data charges. The partnership will see MTN subscribers gain free access to Audiomack’s streaming service via their mobile devices on weekly and monthly subscriptions. The weekly plan offers 1.2GB + Free Audiomack at N270 while the monthly plan offers 2.5GB + Free Audiomack at N550. “At…

Read More

MTN Rwandacell to list by introduction on Rwanda Stock Exchange

RWANDA – MTN Group will list its Rwandan subsidiary on the Rwanda Stock Exchange (RSE) on 4 May, the Johannesburg Stock Exchange (JSE)-listed telecommunication giant has announced. The move follows approval by the Rwanda’s Capital Market Authority and the Rwanda Stock Exchange (RSE) of MTN Rwanda’s listing by introduction on the stock exchange as well as the approval of Crystal Telecom shareholders to distribute the 20% of MTN Rwanda’s shareholding held by Crystal to its shareholders effective from the listing date. The listing of MTN Rwanda will see 1.35 billion ordinary…

Read More

MTN values mobile money unit at US$5bn, mulls IPO

SOUTH AFRICA – The South African multinational mobile telecommunications company MTN group is considering opening up its mobile money arm MoMo to investors. Ralph Mupita, MTN Group’s Chief Executive Officer, announced the move on April 12.2021 in an interview with Bloomberg. The CEO explained that at valuations similar to Airtel’s, MTN’s mobile money arm would be worth about US$5 billion. “With similar valuations to that of Airtel, our valuation would sit at about US$5 billion,” said MTN chief executive officer Ralph Mupita. He stressed, however, that no decision has been made…

Read More

MTN opt for FinTechs in Nigeria for its customers to buy airtime following feud with Banks

NIGERIA – MTN Nigeria, a subsidiary of telecommunications company MTN Group, has announced ten alternative channels for its customers to buy airtime for their mobile devices after commercial banks disallowed MTN subscribers to use their channels. All the commercial banks, except Zenith Bank which was connected directly to MTN, thereafter barred MTN from their banking channels, leaving many MTN subscribers stranded and frustrated as they were unable to recharge airtime through USSD and bank apps amid the Easter celebrations.  “It will interest you to note that for the benefit of…

Read More