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New Opco added to MTN Group’s GlobalConnect portfolio

July 4, 2019 • Features, General, Mobile and Telecoms

New Opco added to MTN Group’s GlobalConnect portfolio

New Opco added to MTN Group’s GlobalConnect portfolio.

On Wednesday, 3 July 2019, MTN Group announced that GlobalConnect, the company’s wholesale infrastructure company, is now an operating company —  Opco. It will be headquartered in Dubai and still be led by current CEO Frédéric Schepens.

MTN GlobalConnect was established in 2017 as the main driver and commercial vehicle for the consolidation of MTN’s wholesale activities. To further enable its growth, and in line with the group’s strategic focus on wholesale, the operational structure of GlobalConnect was revised, resulting in its establishment as an Opco.

Commenting on the development, MTN Group COO, Jens Schulte-Bockum said, “I am pleased that after less than two years of operation, MTN GlobalConnect has exceeded expectations, growing its customer base and revenue ahead of targets. I have no doubt that the team, led by Frédéric, will continue to build on their gains to drive value to our operations, and lead MTN’s ambition to build Africa’s leading wholesale company.”

Offering a telecoms network in Africa, the company aims to provide reliable solutions for fixed connectivity and international mobile services as well as being the single-entry point to the largest network infrastructure on the continent.

Furthermore, the company’s robust MTN.net and IP/MPLS network includes:

  •     47 multinational points of presence
  •     29 countries across the MEA region (Middle East & Africa)
  •     14 Submarine cables
  •     More than 100 000km of national and metro fibre network
  •     31 multinational Network-to-Network interface enabling connectivity to global networks
  •     A backbone capacity in excess of 3Tbps
  •     Peering with major content providers

Driven by the belief that everyone deserves the benefits of a modern connected life, GlobalConnect strives to enable services that create significant value for other MTN Opcos, partners and third parties looking to gain from the growing opportunities in the Middle East and Africa.

Edited by Jenna Cook

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