Top 10 Companies in South Africa 2015

Posted in Top Brand Lists, Total Reads: 3288

2. MTN Group

With its head office in Johannesburg, South Africa, MTN group is a mobile telecommunications company.

The MTN group was founded on November 23, 1994 and was formerly named as M-cell. This company is operational in about 21 countries spanning Middle East and Africa. It connects over 200 million people in these countries. Apart from the national and international telecommunication services it also provides network information technology services and mobile and fixed services and products. Its main competitors in South Africa are Telkom Mobile, Cell C, Virgin mobile and Vodacom.

The acquisitions of MTN group include Investcom which was acquired under the brands named Areeba and Spacetel. Verizon group which is a data services provider to South African corporate customers was acquired by this company in June 2008. It also partnered with Afrifost, a leading ISP in South Africa and started providing DSL broadband services in Arica. On June 26, 2009 it merged with its own subsidiary, MTN ICS to participate in the Belgacom International Carrier Services (BICS). BICS serves as an official international gateway for all the ICSs of Belgacom, Swisscom and the MTN group which holds 20% of the shares of the company. The company also entered into talks with two India based telecommunication companies, Bharati Airtel and Reliance Communications for acquisition and combination of businesses respectively but these discussions ended soon after their initiation.

As the MTN Group operates in the emerging markets of Africa and the Middle East it is also known to contribute towards the social development of these countries. Health, education and economic development are the priority areas of its Corporate Social Investment initiatives. More than R300 million have been invested by the MTN group in community development activities in the year 2013. It also has 15 foundations across in areas of business operation to the further the cause of its Corporate Social Responsibility.

Sales (in $ billions): 13.55

Profit (in $ billions): 2.96

Market capitalization (in $ billions): 34.5