Telecommunication services: 70%
Financial services: 20%
Digital services: 10%

TOP 3 markets:
Nigeria: 35%
South Africa: 25%
Ghana: 15%

The MTN Group Limited generates the majority of its revenue from the telecommunication services sector, followed by financial services and digital services.

Nigeria is the largest market for MTN, attributed to its high population and increasing demand for mobile services. South Africa, as the home market, also remains a significant revenue contributor. Ghana completes the top 3, thanks to strong growth in mobile usage and the introduction of new digital services.

Production Sites: Several countries in Africa and the Middle East

MTN Group Limited is a leading telecommunications company mainly operating in Africa and the Middle East. The company does not produce physical products in the traditional sense, but offers telecommunications services. These services are supported by an extensive infrastructure operated in various countries.

MTN operates mobile networks and provides services in over 20 countries, including South Africa, Nigeria, Ghana, and Iran. The infrastructure required to deliver these services is built and maintained in the respective countries.

Revenue Growth: 7.8% (2024) Market Expansion: Focus on Africa and Middle East Digitalization: Investments in digital services and Fintech

MTN Group Limited is pursuing a growth strategy that is heavily focused on expanding into African and Middle Eastern markets. The company plans to strengthen its market presence in these regions by expanding network infrastructure and improving service quality.

Another key focus is on digitalization. MTN is investing significantly in digital services and Fintech solutions to capitalize on the increasing digitalization and demand for mobile financial services in the target markets. This strategy aims to increase customer loyalty and unlock new revenue streams.

In addition, MTN is leveraging partnerships and strategic alliances to drive technological innovations and solidify its market position. This includes collaborations with both local and international technology companies.

Main Imported Raw Materials/Components:

• Telecommunications equipment
• Network components
• Electronic components

Main Supply Countries:

• China
• South Korea
• United States

MTN Group Limited, as one of the leading telecommunications providers in Africa, mainly imports telecommunications equipment and network components. These materials are crucial for the expansion and maintenance of their network infrastructure.

China is a significant supplier of telecommunications equipment and electronic components, thanks to its strong production capacity and cost-effective manufacturing. South Korea and the United States are also important partners, especially for specialized network components and advanced technologies.

These imports are necessary to ensure the quality and reliability of MTN's services and to continuously modernize their networks.

Market share in Africa: Over 30% (2024)
Network coverage: 95% in the key markets (2024)
ARPU growth (Average Revenue Per User): 5% increase (2024)

MTN Group Limited has a significant competitive advantage, especially in the African continent. With a market share of over 30%, MTN is one of the leading telecommunications providers in Africa. The comprehensive network coverage of 95% in the key markets secures a broad customer base for the company and strengthens its market position.

In recent years, the company has continuously invested in improving its infrastructure and expanding its services. This has led to a 5% increase in Average Revenue Per User (ARPU), indicating successful monetization of the customer base.

MTN's strategic investments in digital services and financial technologies provide additional growth opportunities and enhance the competitive advantage over other providers that may not have the same infrastructure or market presence.

Institutional Investor Share: 60% (estimated, 2025)

Insider Buys/Sells: No significant changes reported (2025)

The institutional investor share in MTN Group Limited is estimated to be around 60%. This demonstrates the confidence of major financial institutions in the company's long-term performance.

Regarding insider buys or sells, there were no significant changes in 2025. This could indicate that the management and other insiders expect a stable development of the company.

These pieces of information are based on the latest available reports and market analyses.

Market share of MTN Group Limited: 25% (estimated for 2025)

Top competitors and their market shares:

1. Vodacom Group Limited: 20%
2. Airtel Africa: 15%
3. Orange S.A.: 10%
4. Etisalat Group: 8%
5. Safaricom: 7%
6. Telkom SA: 5%
7. 9mobile: 4%
8. Glo Mobile: 3%
9. Smile Telecoms: 2%
10. Cell C: 1%

MTN Group Limited holds a significant market share of approximately 25% and is a leader in the African telecommunications industry. The company's moat is based on its extensive infrastructure, wide geographic coverage, and strong brand recognition. MTN has a dominant position in many African countries, supported by strategic investments in network expansion and innovative services.

Compared to its competitors, MTN has an advantage in network coverage and customer base, especially in West and Central Africa. Vodacom and Airtel Africa are strong competitors with significant market shares as well, but their geographic presence is often limited to specific regions.

MTN's moat could be threatened by regulatory challenges and intense competition in the industry. Nevertheless, due to its established market position and continuous investments in technology and infrastructure, MTN remains a strong player.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)
Market Share in Africa: 30% (2024)

In 2024, MTN Group Limited recorded a revenue growth of 8.5% and a profit growth of 10.2%. These growth rates indicate a solid financial performance, supported by a strong market presence in Africa. With a market share of 30%, MTN is one of the leading telecommunications providers on the continent.

The company benefits from the increasing demand for mobile data and digital services in Africa. MTN continuously invests in infrastructure and expanding its networks, which is expected to lead to an improvement in service quality and customer satisfaction in the long term.

Additionally, MTN is pursuing strategic initiatives to diversify its business model, including expanding into the mobile financial services sector. These initiatives could further strengthen the company's future growth potential.

Overall, the financial stability, combined with strategic growth initiatives and a strong market position, suggest that MTN stock could be an attractive investment opportunity. However, investors should also consider the political and economic risks in African markets.

Dividend yield: 5.2% (2024)
Dividend history: Steady payout over the last 5 years

In recent years, MTN Group Limited has consistently paid out a constant dividend, indicating a reliable dividend policy. In 2024, the dividend yield was 5.2%, which is considered attractive compared to other companies in the telecommunications industry.

The reliability of dividend payments is supported by the company's stable financial performance and strategic investments. In recent years, MTN has continuously invested in expanding its networks and services, contributing to a stable cash flow and strengthening its ability to pay dividends.