When was MTN founded?

MTN was founded in 1994 and raised its 1st funding round 5 years after it was founded.

Where is MTN located?

MTN is headquartered in Fairland, South Africa.

How many employees does MTN have?

As of Jul 31, 2026, the latest employee count at MTN is 43231.

Is MTN a funded company?

MTN is a funded company, having raised a total of $7.05M across 14 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on 1999.

When was the latest funding round of MTN?

MTN's latest funding was a $***** Post IPO round on Feb 06, 2024, with participation from 1 investor.

Where does MTN rank among its competitors?

MTN ranks 5th amongst 3673 active competitors, of which 52 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Vodafone, which secured $2M in Jan, 2025.

Who are the top competitors of MTN?

MTN's top competitors include Verizon, AT&T and T-Mobile. Among them, Vodafone secured the most recent funding round in January, 2025.

MTN - 2026 Company Profile, Funding & Competitors

Company Details

MTN Group (earlier known as M-cell) offers an integrated suite of services including traditional and mobile voice and data, digital and mobile financial services to both residential customers and enterprises. It has operations in Africa, Europe, and Asia. In 2022, the company recorded annual revenues of $12.64B and a net profit of $1.18B.

Website: www.mtn.com/
Social
Email ID: *****@mtn.com
Phone Number: +27 **********

Key Metrics

Founded Year

1994

Location

Fairland, South Africa

Stage

Public

Total Funding

$7.05M in 14 rounds

Latest Funding Round

Post IPO, Feb 06, 2024, $*****

Investors

Saints Capital & 39 more

Ranked

5^th among 3673 active competitors

Employee Count

43,231 as on Jul 31, 2026

Investment & Acquisitions

Odyssey & 13 more

Similar Companies

Verizon & 4142 more

Exit Details

Public

View MTN's full profile

MTN got listed on Oct 18, 2002.

Click here to take a look at MTN's IPO in detail

MTN has raised a total funding of $7.05M over 14 rounds. Its first funding round was on 1999. Its latest funding round was a Post IPO round on Feb 06, 2024 for $*****. 1 investor participated in its latest round. MTN has 40 institutional investors.

Here is the list of recent funding rounds of MTN:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 06, 2024	5236411	Post IPO	1196215	8574439	4782211	2080061
Oct 17, 2022	7821827	Conventional Debt	5462318	9206490	4238441	European Investment Bank
May 18, 2019	5178997	Conventional Debt	3457546	9711760	6912117	Access Bank & 6 more

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View details of MTN's funding rounds and investors

MTN's employee count trend

MTN has 43,231 employees as of Jul 26. Here is MTN's employee count trend over the years:

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Top competitors of MTN include Verizon, AT&T and T-Mobile. Here is the list of Top 10 competitors of MTN, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Berkshire Hathaway, Black Capital Investments ... & 17 others	82/100
2nd	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	Elliott Management, Seaside Private Capital ... & 13 others	82/100
3rd	T-Mobile 1994, Bellevue (United States), Public	Provider of mobile telecommunication services	-	Alcor Fund, Seyen Capital & 16 others	82/100
4th	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Coast Capital, Elliott Management & 12 others	81/100
5th	MTN 1994, Fairland (South Africa), Public	Provider of mobile network services	$7.05M	Saints Capital, Emergent Capital Partners ... & 38 others	81/100
6th	Optus 1981, North Ryde (Australia), Acquired	Provider of mobile internet services for home and offices	$19.7M	Australian Wildlife Conservancy, Temasek	81/100
7th	Telia Company 1853, Solna (Sweden), Acquired	Provider of integrated telecom and TV services	-	Norvestia, Northwood Ventures & 1 others	81/100
8th	Zain Group 1983, Kuwait City (Kuwait), Public	Telecom services provider	-	Finnfund, Arab Bank & 2 others	80/100
9th	SK Telecom 1984, South Korea, Public	Provider of integrated telecommunication services	-	Deutsche Bank, HSBC & 4 others	78/100
10th	SoftBank 1986, Tokyo (Japan), Series A	Company that offers mobile phones, internet, and clean energy services	$8.99M	Yahoo Japan, Red Badge Management	78/100

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MTN has made 8 investments in companies including Odyssey and Emerge Gaming. MTN has also acquired 6 companies including IHS Towers and Simfy Africa.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 26, 2026	Investments	Odyssey	2013	Arlington (United States)
Feb 17, 2026	Acquisition	IHS Towers	2001	London (United Kingdom)
Aug 03, 2022	Investments	Emerge Gaming	2017	Subiaco (Australia)