MTN Nigeria Communications

MTN Group Limited is a leading multinational telecommunications company headquartered in Johannesburg, South Africa, with operations across Africa and the Middle East. Founded in 1994, the company provides a comprehensive range of voice, data, mobile financial, enterprise, and digital services to over 251 million subscribers. Its offerings include mobile telecommunications, broadband services, mobile money solutions, and various enterprise services focused on connectivity and cloud solutions. MTN also engages in the delivery of entertainment services, including video-on-demand and music streaming. The company operates through several subsidiaries, including MTN Nigeria Communications PLC, which is a key player in the Nigerian telecommunications market, serving approximately 55 million subscribers with a variety of telecom solutions. MTN's strategic investments aim to enhance internet services and expand market reach, particularly in e-commerce and digital platforms.

13 past transactions

Simfy Africa

Acquisition in 2018
Simfy Africa is provides the best music service to our users that brings together superb backend technology, general streaming know how and in-depth experience in dealing with digital content, local infrastructure and customer support.

Fenix International

Grant in 2017
Fenix International Inc. is a San Francisco-based company that designs and manufactures renewable energy products, primarily targeting mobile telecommunications in emerging markets. Established in 2009, the company focuses on providing affordable solar solutions to empower over 1.3 billion people living off-grid. Its flagship product, ReadySet, is an intelligent plug-and-play energy system that powers various devices, including mobile phones, lights, and medical applications, utilizing multiple energy sources such as solar and micro-wind. Fenix also offers a range of accessories, enhancing its product line with mobile charging solutions and LED lights. The company markets its products through service centers and shops in regions like Uganda and Rwanda, as well as online platforms in the United States. Fenix International operates as a subsidiary of ENGIE SA and has garnered significant recognition for its innovative technology and impactful outreach efforts.

Iranian Net Co.

Funding Round in 2017
Iranian-net is the first and only licensed broadband network operator based on fiber optic (FTTX) in Iran founded in 2011 regarding to delivering value added services to the subscribers around the country.

Snapp

Series A in 2016
Snapp is a leading mobile and web-based ride-hailing platform based in Tehran, Iran. It aims to improve urban transportation in the country through effective software and service offerings. Established as the first of its kind in Iran, Snapp has quickly grown to serve 20 million customers and engage 1 million drivers, facilitating over 2 million rides daily. In addition to ride-sharing, the platform also provides food delivery and hotel booking services, enhancing the overall travel experience for its users. Snapp has positioned itself as the largest and fastest-growing internet company in the Middle East, contributing significantly to the evolution of transportation services in the region.

Jumia

Series C in 2016
Jumia Technologies AG operates a comprehensive e-commerce platform across Africa, connecting consumers with a wide array of sellers. The platform includes a marketplace for various products such as fashion, electronics, and home goods, as well as services like food delivery, travel bookings, and classified ads. Jumia also offers logistics services to facilitate the shipping and delivery of products and a payment service to streamline transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia has become a key player in the digital transformation of the African economy. The company supports over 50,000 local businesses and individuals, creating job opportunities and fostering skill development on the continent. Through its operations, Jumia aims to enhance the shopping experience for consumers while providing businesses with efficient distribution solutions.

Travelstart

Venture Round in 2016
Travelstart is an online travel agency that caters to both business and leisure travelers by providing a comprehensive platform for searching, comparing, and booking various travel services. Its offerings include flights, hotels, car rentals, holiday packages, and activities, all designed to simplify the travel booking process. With a strong emphasis on affordability, Travelstart aims to help customers find some of the lowest fares available. Travelers can access these services through the Travelstart website or its mobile application, Flapp, making it easier to plan and book their trips.

Visafone Communications

Acquisition in 2016
Visafone Communications Limited is a mobile telecommunications provider based in Lagos, Nigeria, offering a range of products and services for both individual and corporate customers. Established in 2007, the company specializes in voice communication, high-speed data services, and Internet solutions, catering to small and medium enterprises as well as individual subscribers. It provides various offerings including consumer and corporate voice services, fixed wireless options, and the Visafone App, which facilitates Internet-based voice, video, and messaging services for smartphones, tablets, and PCs. Additionally, Visafone sells fixed wireless phones, smartphones, data cables, and offers e-Top Up services for prepaid and postpaid lines. As of December 31, 2015, Visafone operates as a subsidiary of MTN Nigeria Communications Limited.

Smart Village

Acquisition in 2015
Smart Village (Pty) Ltd. is a leading provider of converged multimedia and telecommunication services in South Africa, catering to both residential and commercial sectors. Founded in 2004 and based in Centurion, the company offers a range of services, including converged television, telephone, internet, and security solutions for homes, as well as specialized DVB over IP services for commercial clients such as hotels, shopping malls, and office complexes. Smart Village is distinguished as the only company in the country capable of providing a comprehensive multimedia and telecommunication service through a single access point. The company has established a strong presence, connecting over six thousand homes and businesses, and continues to expand its market share, particularly after MultiChoice acquired a controlling stake. In addition to its service offerings, Smart Village provides essential maintenance and support, ensuring that clients receive complete and reliable service solutions.

Jumia

Series C in 2014
Jumia Technologies AG operates a comprehensive e-commerce platform across Africa, connecting consumers with a wide array of sellers. The platform includes a marketplace for various products such as fashion, electronics, and home goods, as well as services like food delivery, travel bookings, and classified ads. Jumia also offers logistics services to facilitate the shipping and delivery of products and a payment service to streamline transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia has become a key player in the digital transformation of the African economy. The company supports over 50,000 local businesses and individuals, creating job opportunities and fostering skill development on the continent. Through its operations, Jumia aims to enhance the shopping experience for consumers while providing businesses with efficient distribution solutions.

Afrihost

Acquisition in 2014
Afrihost (Pty) Ltd., founded in 2000 and based in Sandton, South Africa, specializes in providing a range of Internet solutions. The company offers various broadband services, including capped and uncapped ADSL and fibre options, as well as mobile data and voice services. Its hosting solutions encompass Linux and Windows hosting, cloud hosting, and dedicated server options. Additionally, Afrihost provides domain services such as registration, parking, and email services. Known for its commitment to customer satisfaction, Afrihost has positioned itself as a significant player in the telecommunications and Internet services sector. Since November 2014, it has operated as a subsidiary of MTN South Africa.

Jumia

Series B in 2013
Jumia Technologies AG operates a comprehensive e-commerce platform across Africa, connecting consumers with a wide array of sellers. The platform includes a marketplace for various products such as fashion, electronics, and home goods, as well as services like food delivery, travel bookings, and classified ads. Jumia also offers logistics services to facilitate the shipping and delivery of products and a payment service to streamline transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia has become a key player in the digital transformation of the African economy. The company supports over 50,000 local businesses and individuals, creating job opportunities and fostering skill development on the continent. Through its operations, Jumia aims to enhance the shopping experience for consumers while providing businesses with efficient distribution solutions.

Investcom

Acquisition in 2006
Investcom LLC provides mobile telecommunications services with operations in Africa, the Middle East, and Europe. The company offers carrier, fixed telephony, telecommunications engineering, and consulting services.
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