Overview: Today we’re going to talk about MTN - The largest telco in Africa, we’ll discuss its founding, early history, success in Africa, global expansion, diversification into non-telco businesses & future outlook
Companies discussed: MTN Group (M-Cell, MTN Nigeria, MTN Irancell), Investcom, Telkom, Vodafone (Vodacom & Safaricom), Naspers (Multichoice, M-Net) & Transsion
Business concepts discussed: Telco diversification, Telco license acquisition strategy, Fintech services, messaging platforms, conglomerates, government private sector influence & developing markets expansion.
Conversation highlights:
- (01:03) - Why we’re talking about MTN today
- (03:34) - MTN's founding, early history and context
- (10:15) - MTN’s African expansion strategy 1997+
- (12:20) - MTN's expansion into Nigeria, market share and controversies
- (24:42) - Global expansion into Iran and M&A with Investcom
- (28:14) - Expansion strategy (compared to other African telcos)
- (30:30) - Why MTN was successful expanding outside Africa
- (33:30) - MTN’s non-telco businesses
- (43:40) - MTN 2020 asset sales and refocus on Africa business
- (45:20) - MTN today - financials, segment growth, etc
- (48:00) - Why MTN wants to leave the Middle East
- (51:20) - Bankole’s overall thoughts and outlook
- (55:04) - Olumide’s overall thoughts and outlook
- (61:40) - Olumide’s recommendations and small wins
- (65:22) - Bankole’s recommendations and small wins
Olumide’s recommendations & small wins:
- Recommendation: Something Ventured (2011 Documentary about the origin of the VC industry)
- Recommendation: My life philosophy (JD Roth)
- Recommendation: Unusual ideas about self-care (by Paula Pant)
- Small win: Amazon Fresh Prime for groceries (reminds of 2010 when I used to order groceries from Tesco in the UK)
Bankole’s recommendations & small wins:
- Recommendation: Collection of notable essays in Notion - Link
- Small win: Daily long walks
- Other content mentioned: South Africa's MTN asks U.S. court to dismiss anti-terrorism case in Afghanistan - Reuters
- Other content mentioned: How an African telecom allegedly bribed its way into Iran - Reuters
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