Our geographic footprint is expansive, stretching over 19 markets on two continents and connecting 295 million customers. This represents the reach and scope of where we create value, organised into our operations in South Africa, Nigeria and our Markets (SEA, WECA and MENA). These are managed through robust operational and governance oversight structures, which underpin our pan‑African growth strategy.
Our portfolio at 31 December 2023 |
(MTN Group effective shareholding) |
||
MTN South Africa | 100.0% | ||
MTN Nigeria ▲ | 76.3% | ||
SEA | |||
MTN Uganda ▲ | 83.1% | ||
MTN Rwanda ▲ | 80.0% | ||
MTN Zambia ▲ | 89.8% | ||
MTN South Sudan | 100.0% | ||
Mascom BotswanaΔ |
53.1% |
||
MTN eSwatiniΔ |
30.0% |
||
WECA | |||
MTN Ghana ▲# | 81.0% | ||
MTN Cameroon | 80.0% | ||
MTN Côte d'Ivoire | 66.8% | ||
MTN Benin | 75.0% | ||
MTN Guinea-Conakry | 75.0% | ||
MTN Congo-Brazzaville | 100.0% | ||
LonestarCell (MTN Liberia) | 60.0% | ||
MTN Guinea-Bissau | 100.0% | ||
MENA | |||
MTN Sudan | 85.0% | ||
MTN Afghanistan ■ | 100.0% | ||
MTN IrancellΔ^ | 49.0% | ||
Associates, joint ventures (JVs) and
other investments |
|||
aYo | 50.0% | ||
IHS Group | 25.7% | ||
Iran Internet GroupΔ | 29.5% | ||
Middle East Internet HoldingΔ | 50.0% |
▲ | Localisations. |
■ | Completed disposal in early 2024. |
Δ | Equity accounted. |
^ | Not under MTN operational control. |
# | Legal ownership is 77.3%. |