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  • March 2022 (Revised April 2022)
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MTN: Unlocking Value While Driving Socioeconomic Progress

By: Benjamin C. Esty, Pippa Tubman Armerding and Dilyana Karadzhova Botha
  • Format:Print
  • | Language:English
  • | Pages:26
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Abstract

On March 10, 2021, Ralph Mupita the new CEO of MTN Group, Africa's largest telecommunications company, presented the group’s 2020 annual results and unveiled a new strategy to “drive growth and unlock value.” Despite MTN’s leadership in most of its markets, the company’s share price was trading at 15-year lows putting Mupita under pressure to accelerate a turnaround. The case considers his plans to execute against the new strategy by spinning off MTN’s fintech business and creating more shared value in its markets while at the same time building valuable technology platforms and delivering industry-leading connectivity. Could MTN’s leadership team achieve all four priorities within five years as promised, or were they trying to do too much too quickly? Did they have the right structure and team in place to do so? Although Mupita was convinced that swift action and dramatic change were needed to succeed, there were skeptics both inside and outside the firm.

Keywords

Decision Making; Goals and Objectives; Valuation; Emerging Markets; Business Strategy; Financial Management; Information Technology; Corporate Finance; Telecommunications Industry; Africa; South Africa; Ghana; Nigeria

Citation

Esty, Benjamin C., Pippa Tubman Armerding, and Dilyana Karadzhova Botha. "MTN: Unlocking Value While Driving Socioeconomic Progress." Harvard Business School Case 722-371, March 2022. (Revised April 2022.)
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About The Author

Benjamin C. Esty

Finance
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Related Work

    • March 2022 (Revised April 2022)
    • Faculty Research

    MTN: Unlocking Value While Driving Socioeconomic Progress

    By: Benjamin C. Esty, Pippa Tubman Armerding and Dilyana Karadzhova Botha
Related Work
  • MTN: Unlocking Value While Driving Socioeconomic Progress By: Benjamin C. Esty, Pippa Tubman Armerding and Dilyana Karadzhova Botha
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