MTN, meanwhile, has been somewhat of a darling for investors given that it has operations in 22 countries in Africa and the Middle East.<\/p>\n
Nigeria<\/strong><\/p>\n On Monday, MTN group reported that its CEO, Sifiso Dabengwa, resigned as chief executive due to ‘prevailing circumstances occurring at MTN Nigeria’.<\/p>\n On the 26 October, it emerged that the Nigerian Communications Commission (NCC) imposed a fine equivalent to US$5.2 billion on MTN Nigeria.<\/p>\n This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September 2015 and is based on a fine of N200, 000 for each unregistered subscriber.<\/p>\n Nigeria is MTN’s largest operating unit, with more than 55 million customers, generating revenue of R54 billion at the end of 2014.<\/p>\n In South Africa, MTN has just under 30 million customers, generating revenue of\u00a0R39 billion, while Vodacom has 33.7 million customers generating R62 billion annually.<\/p>\n Group active customers increased 6.8% to 65.1 million, while total active customers reached 33.7 million in SA, with 1.6 million net customer additions in the first half there.<\/p>\n MTN vs Vodacom growth YTD\u00a0(Source: Google Finance<\/a>)<\/p><\/div>\n Share price<\/strong><\/p>\n Vodacom has seen its share price advance R23.20 or 18% over the past year, and by R60.70 or 67% over the past five years, to a near all-time best of R152.02 achieved in April.<\/p>\n The group closed at R150.70 on Monday evening, with market cap of\u00a0 R224 billion.<\/p>\n MTN saw its shares plummet to a low of R142.50 on 2 November, before recovering slightly by close of play on the JSE on Monday, to R160, after Bloomberg<\/a> reported that the company was close to negotiating a heavily reduced fee.<\/p>\n MTN has seen its share price fall by 30% – or R70 – over the past year, thanks mainly to its recent slump. Over a five year period, the company’s shares are up R24 or 18%.<\/p>\n Forbes valued MTN Group as the 395th largest company in the world in a report in May 2015, with a value of $34.5 billion. MTN’s market cap has since dwindled to R295 billion.<\/p>\n Vodacom reports strong earnings, huge customer growth<\/a><\/strong><\/p>\n MTN grows its customer base in South Africa<\/a><\/strong><\/p>\n![\"MTN](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2015\/11\/MTN-vs-Vodacom-growth-graph.png\")
<\/a>More on Vodacom and MTN<\/h3>\n