MTN Cote d'Ivoire
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MTN Cote d'Ivoire - overview
Established
1996
Location
Abidjan, -, Ivory Coast
Primary Industry
Telecoms
About
MTN Cote d'Ivoire is a leading mobile telecommunications and internet service provider in Côte d'Ivoire, delivering a variety of communication services to individual and business clients. Established in 1996, MTN Cote d'Ivoire is a mobile telecommunications provider headquartered in Abidjan, Ivory Coast. The company has undergone strategic pivots to enhance its service offerings, particularly through its MoMo mobile money platform. MTN Cote d'Ivoire is part of the MTN Group and has been involved in four notable deals, with the latest being a Secondary Buyout in April 2014, during which Africinvest invested USD 80.
00 mn, bringing the total amount raised to USD 80. 00 mn. MTN Cote d'Ivoire primarily operates as a mobile telecommunications and internet service provider, offering mobile telephony services, internet connectivity, and financial services through its MoMo platform. Their services include prepaid and postpaid mobile plans, broadband solutions, fiber optic connectivity, and eSIM technology, catering to a diverse client base that includes individuals, small businesses, and large enterprises across various sectors in Côte d'Ivoire.
In the most recent year, MTN Cote d'Ivoire generated revenue of USD 158,764,078. 30 and recorded an EBITDA of USD 68,090,443. 80, reflecting its strong performance in the telecommunications sector. MTN Cote d'Ivoire plans to introduce new products designed to enhance customer engagement in the telecommunications space, although specific launch dates are not disclosed.
The company is also exploring expansion into new markets within West Africa to diversify its operations by 2025. The recent funding of USD 80. 00 mn will be utilized to enhance infrastructure and support the development of innovative services, following Cauris Management's exit in April 2014.
Current Investors
Emerging Capital Partners, Africinvest
Primary Industry
Telecoms
Sub Industries
Public Relations & Communications, Telecoms Providers & Services, Internet Service Providers
Website
www.mtn.ci
Company Stage
Mature
Total Amount Raised
Subscriber access only
MTN Cote d'Ivoire - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | MTN Cote d'Ivoire | - | ||||||||
| Secondary Buyout | Completed | MTN Cote d'Ivoire | - | ||||||||
| Buyout | Completed | MTN Cote d'Ivoire | - | ||||||||
| Buyout | Completed | MTN Cote d'Ivoire | - |
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