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Finance
MTN Delivers Record H1 Growth, Announces Buyback
MTN Group posted a robust first-half 2026 with EBITDA up 24.4% in constant currency to about R56bn and service revenue rising 17.5%, while adjusted HEPS climbed 21.3% as record margins supported strong cash generation. The company unveiled a six-billion-rand share buyback, progressed the IHS acquisition with regulatory approvals and a 30% Nigeria stake sale, and highlighted solid free cash flow and a balanced capital return framework under Ambition2030.
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Facts from Wikidata (CC0).

MTN Group Limited (formerly M-Cell) is a South African multinational corporation and mobile telecommunications provider. Its head office is in Johannesburg. As of December 2022 MTN recorded 289.1 million subscribers. MTN is among the largest mobile network operator in the world, and the largest in Africa.

Overview

MTN Group Limited (formerly M-Cell) is a South African multinational corporation and mobile telecommunications provider. Its head office is in Johannesburg. As of December 2022 MTN recorded 289.1 million subscribers. MTN is among the largest mobile network operator in the world, and the largest in Africa. MTN is active in over 20 countries, one-third of the company's revenue comes from Nigeria, where it holds about 35% market share. MTN Group is the primary sponsor of the South Africa national rugby union team and sponsors English football club Manchester United and Zambian Super League. The Nigerian subsidiary of the group also has an existing sponsorship deal with the Nigerian Football Federation. History 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.

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