#10: MTN - How Africa's largest Telco grew to dominate Africa and expand to other emerging markets

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 We’d love to hear from you. If you have feedback, topics you’d like to hear, or just want to say hello, please email [email protected] Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com