MTN Congo
Founded
2005
Headquarters
Brazzaville, Republic of the Congo
Ticker
n/a
Sector
Telecom
Stock performance
This company has no listed ticker in our data, so there is no price chart.
History
MTN Congo was created in 2005, when South Africa's MTN Group acquired the local operator Libertis Telecom, and it has since grown into one of the country's two main mobile networks.
Business model
MTN Congo sells mobile voice and data services and runs the MoMo mobile-money platform, used for transfers, bill payments, and merchant payments.
Market position
MTN Congo is one of the two leading mobile operators in the Republic of the Congo, competing with Airtel Congo.
Country impact
Mobile money has become one of the main financial tools for Congolese households, and MTN is one of the country's significant private investors outside the oil sector.