The MTN Group has reached the 100 million subscriber mark in its drive to become the world’s leading telecommunications service provider in emerging markets.
With a telecommunications network that covers a population of approximately 500 million, the 100 million subscriber achievement means that 1 in 5 people in MTN’s 21 markets in Africa and the Middle East is an MTN subscriber, a statement released in Accra said on Thursday.
The Group touched the all-important 100 million mark in April, as the telecoms operator signed up more customers.
The statement quoted Group President and CEO Mr Phuthuma Nhleko as saying: “For a 15-year-old company operating amid increased competitive intensity in all its markets, this is a most satisfactory performance by MTN.”
He said the milestone affirmed MTN’s leadership position in many areas of their business, adding that MTN’s success was also attributable to a business model that had included sound financial investment, strong corporate governance, effective management and corporate social responsibility.
Mr Nhleko paid tribute to MTN’s culturally diverse staff of over 40 nationalities across the company’s markets, saying their “can-do” spirit and “innovative mindset” had placed the Group in a strong competitive position.
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