MTN is a South African based multinational telecommunications company, operating in Nigeria and many African, European and Asian countries, with its head office in Johannesburg.
MTN Nigeria is the largest subsidiary of the MTN Group. As of 30 September 2015, MTN recorded over 300 million subscribers across its operations.
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MTN was formerly known as M-Cell.
In 2001, MTN became the first GSM network provider to be licensed for commercial operations in Nigeria.
In December 2013, MTN acquired 33.3% stake in Africa Internet Group (AIG), the parent company of Jumia.
The company was the first to introduce ‘free midnight calls’ to subscribers in Nigeria.
On 22 October 2015, MTN emerged as the Most Admired and the Most Valuable African brand, valued at US$4,672m.
In November 2012, Shanduka Group acquired a minority stake in MTN Group's Nigeria business for $335 million.
In February 28 2009, MTN Group completed the acquisition of Verizon South Africa.