South Africa’s MTN Group has been in the global news in recent weeks because of the turmoil that the telecoms company has had with its Nigerian unit. The Africa’s largest telecoms operator was fined a massive $5.2 billion by the Nigerian Communication Commission for allowing 5.1million unregistered sim cards on its network in the West African country.
With so much happening to the South African company in recent times, and an uncertain future ahead for subscribers, investors and the company itself, it would be interesting to know how the company that embodies an African success story in the telecommunications industry has come of age.
Here are 10 things that you probably didn’t know about South African telecommunications giant, MTN Group.
Sources: ENCAMoneyline, Bloomberg, Moneyweb, GSMA, Financial Times, SouthAfricaInfo.
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