The days of having a 4-6 player telecoms market on the continent are coming to a swift end, says MTN chief executive Ralph Mupita.
Speaking in PSG’s latest Think Big webinar on Tuesday , Mupita said ‘consolidation is inevitable’ and that having a market that is saturated by a number of players is not sustainable.
Mupita added that MTN is now entering a ‘third chapter,’ of growth. In its formative years post-democracy, the group established itself as a voice-centered network and expanded into new markets such as Rwanda and Uganda. Furthering his point on MTN’s single-minded focus on the African continent, Mupita confirmed that the group has dialed back its interests in the Middle East to simplify its operations and allocate its human and capital resources in a way that leverages the opportunities that exist on the continent and produces profitable returns in the long-term.
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