MTN named “most valuable telecom� brand in Africa

Revellers at an MTN Uganda outlet

Kampala, Uganda | THE INDEPENDENT | MTN has once again been named among the top 300 valuable telecom brands in the world, according to the research conducted by Brand Finance.

The South African based firm was ranked 45th. With 25 subsidiaries most of which are in Africa, the company moved two places from 47th 2017 to 45th in 2018.  The company’s value was placed at $3.3bn, a rise of 9% in 2018.

MTN’s largest competitor on the continent, Airtel is not ranked based on its Africa operations but rather the larger company, Airtel, which is headquartered in India.  Africell is also mentioned in the report, ranking at 228th on the continent.

According to the report, other African based telecoms that have been ranked include among others; Safaricom, Kenya (99th), Maroc Telecom, Morocco (111th), and Glo Mobile, Nigeria.

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