MTN Group is the one and only South African company that has made it to the World Champions list. The list, compiled by analysts from American multinational financial services company, Citi Group, names global companies dominating their respective industries.
For your company name to make it the list, the company must have a market value in excess of R30bn, be in the top three in terms of market share in their segment, and have global reach as well as a lasting sustainable business model.
“Being named on the World Champions list is exciting and humbling, especially as MTN commemorates its 20thanniversary this year. This global recognition signifies that we continue to play a vital role in our industry,” says MTN Group President and CEO, Sifiso Dabengwa.
MTN has been listed alongside iconic global companies including Apple, Google, Facebook and Microsoft. According to the list, MNT made it because it operates in 21 countries and has been the number 1 player in 15 of its markets and number 2 in the rest.
Dabengwa says MTN is a pioneering company, and continues to look at ways to enhance shareholder value and transform the lives of its customers through technology. He attributes this as being a key reason for the company’s success thus far.
From a single license in South Africa awarded in 1994, MTN has invested hundreds of billions of rand in state-of-the-art networks and licenses to now connect 210.1 million people in 22 countries across Africa and the Middle East. From basic voice calls and messaging services, MTN has broadened its offering to include numerous innovative communication, content and entertainment services.