As technology continues to shape our lives, the way we recharge our mobile phones has evolved significantly. In Nigeria, MTN has long been a dominant player in the telecommunications sector, providing reliable services to millions of subscribers. To enhance the user experience and make mobile recharging simpler than ever, MTN Nigeria has introduced a new code to recharge your account.

MTN which stands for Mobile Telephone Networks

Which was founded 1994 by Mcebisi Jonas (Non-Executive chairman) And Charles Molapisi (CEO).

MTN was formerly called M-Cell

MTN Group Limited (formerly M-Cell) is a South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg. As of December 2020, MTN recorded 280 million subscribers, making it the 8th largest mobile network operator in the world, and the largest in Africa. Active in over 20 countries, one-third of the company’s revenue comes from Nigeria, where it holds about 35% market share.

Brief History About MTN

The company was founded in 1994 as M-Cell with assistance from the South African government. In 1995, it replaced its then-CEO, John Beck, with Robert (Bob) Chaphe and founder Leena Jaitley. In 2001, the company reported that its controlling shareholder was Johnnic Holdings, and the chairperson was Irene Charnley. In 2002, Phuthuma Nhleko became the CEO, replacing then-CEO Paul Edwards, who had invested in expansion to Nigeria.

MTN’s competitors in South Africa include Vodacom, Cell C and Telkom Mobile.

In May 2008, Bharti Airtel, an India-based telecommunications company, explored the possibility of buying MTN Group.Reliance Communications was also in talks with MTN for a “potential combination of their businesses”. In July, the two companies ended discussions regarding the merger.

In June 2008, MTN Group agreed to purchase Verizon Business South Africa, which was a provider of data services to customers in South Africa and four other African countries.The acquisition was completed on 28 February 2009.

On 26 June 2009, MTN Group’s subsidiary merged with Belgacom International Carrier Services (BICS), a subsidiary of Belgacom. The combined subsidiary functioned as the international gateway for carrier services of MTN.

In October 2012, MTN announced a partnership with Afrihost to provide DSL Broadband services in Africa.

In November 2012, South African holding company Shanduka Group acquired a minority stake in MTN Group’s Nigeria business for $335 million.

In 2014, MTN was named on the 2014 BrandZ Top 100 Most Valuable Global Brand rankings and named the Most Admired and Most Valuable Brand in Africa. MTN retained its ranking as the Most Admired and the Most Valuable African brand in 2015.

In March 2016, the company appointed Rob Shuter as chief executive officer. Shutter was replaced on 1 September 2020 when Ralph Mupita was appointed Chief Executive.

MTN Shuts Down Stores

On February 23, 2017, Nigerian protestors attacked a MTN office in Abuja, Nigeria as a counterattack due to violence targeted against Nigerians in South Africa.

In September 2019 MTN began closing stores in Nigeria and some of their stores in Johannesburg, South Africa due to rioting, looting, and attacks on some of their facilities.

Geoffrey Onyeama the Nigerian Foreign Minister stated at a press briefing on September 4, 2019, that MTN group along with Shoprite, stated that the targeted South African stores in Nigeria are “subsidiaries that are owned by Nigerians.” And that “the property owned by Nigerians within Nigeria and the people working there are Nigerians.”

Lai Mohammed, Nigeria’s Minister of Information and Culture, reported that some of the South African companies that were attacked in Nigeria have Nigerian investors owning significant amounts of stakes, and Nigerian employees.

MTN has stated that they will continue to do business in Nigeria.

In March 2019 MTN launched a WhatsApp channel to let its customers buy airtime and data bundles through the messaging app. Customers can also check their balances and store their credit or debit cards in the app for future purchases. The service is provided by another South African company, Clickatell.

Source: WikipediaWikipedia
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