in this African company with a worldwide customer base. Formerly known as M-Cell, MTN has forged a respected name for itself across African countries, as well as in Europe and Asia. From its Johannesburg headquarters, the ambitious organisation has worked hard to become the world’s ninth largest mobile network operators, no mean feat for a company that is still under 20 years old.for the first time, creating an opportunity for investors.
MTN may soon be joined on the Nigerian Stock Market by another large telecoms company – Airtel Africa Ltd, which is part of Bharti Airtel Ltd, an Indian telecommunications group. Airtel Africa Ltd has indicated it may float on the London Stock Exchange in a bid to expand its services across Africa. And, it’s also said it may soon be listed on the Nigerian Stock Exchange, joining competitor MTN. When MTN listed on the Nigerian Stock Exchange, it did so with 20.
As with all matters buying and selling shares, it’s not possible to predict with any accuracy whether MTN’s fortunes will rise or fall. However, it currently seems as though this Nigerian telecommunications company is certainly one to watch, on the NSE and potentially on bigger stock exchanges in the months and years to come.
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