Training Example: MTN Group – Review the Data, Give Your Score & Compare to the Real AI Evaluation

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About

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Investors

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Newsroom

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Sustainability

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People & Culture

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We want to be Africa’s leading digital platform.
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Businesses operating in the modern context should always strive to improve productivity.
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Our next-generation services company connecting Africa with digital solutions.
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[H2] Investors

VIEW ALL INVESTORS

INVESTORS
[H3] Upcoming events

[H2] Our achievements
in numbers

[H5] Most valuable African brand
with operations in 19 markets

[H5] 312.7 million subscribers
active across Africa

[H5] Service revenue R56.8 billion
period ended 31 March 2026

[H2] Latest news

All
Media releases
Spotlight stories

Media releases
29 May 2026
[H4]
MTN’s Y’ello Care 2026: Expanding equitable health for every community

MTN Group is pleased to announce the 2026 edition of...
READ MORE

Spotlight stories
28 May 2026
[H4]
The value behind the network:  MTN’s tax contribution to the countries it serves

MTN’s presence across our markets is shaped by people who...
READ MORE

Spotlight stories
25 May 2026
[H4]
MTN – a pan-African digital operator committed to helping unlock Africa’s potential

“I am not African because I was born in Africa,...
READ MORE

VIEW ALL NEWS

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Vodcast
05 May 2026
[H4]
The Y’ello Chair | Episode 7: Phuthuma Nhleko on Rebuilding Africa’s confidence

In this episode of The Y’ello Chair, hosted by Cathy...
READ MORE

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Vodcast
21 March 2026
[H4]
The Y’ello Chair Episode 6 | Ralph Mupita on Vision, Growth & Opportunity

In Episode 6, Mudiwa Gavaza sits down with MTN Group...
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Vodcast
12 March 2026
[H4]
The Y’ello Chair Episode 5 | Temba Bavuma on Leadership, Pressure and High-Performance Teams

South Africa cricket captain Temba Bavuma joins The Y’ello Chair...
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VIEW ALL VODCASTS

[H2]
MTN Pan-African Media Innovation Programme (MIP)

A Capacity Building Programme
Read More

[H2] Message
from our CEO
In 1994, MTN launched mobile connectivity in South Africa, marking the start of Africa’s digital transformation. We’re providing leading digital solutions for Africa’s progress, and offering Africans hope, dignity, and opportunity.
Ralph Mupita
Chief Executive Officer
View leadership

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Investors Shareholders

Invest
SENS
ADR
AGM
Debt and funding updates
B-BBEE Certificate
Presentations and transcripts
Circulars and GMs

[H5] Investors

[H2] Y’ello Investors
If you’​re thinking about investing in MTN shares, you can contact the following analysts who cover our stock:

ABSA, Jono Bradley
Avior, Michael Steere
Barclays, Maurice Patrick
BofA, Cesar Tiron
Citi, Rohit Modi
Goldman Sachs, Anna Osenchugova
HSBC, Madhvendra Singh
Investec, Louise Pillay
JP Morgan, Funeka Maseko
Nedgroup Securities, Preshendran Odayar
New Street, Chris Hoare
Prescient Securities, Jonathan Kennedy-Good
RMB Morgan, Jared Hoover
SBG Securities, Nadim Mohamed

[H5] Investors

[H2] Stock Exchange News Service
MTN Group’s announcements on the JSE’s Stock Exchange News Service.

[H4] 2026

[H5] Investors

[H2] ADR holders information
​Find answers to frequently asked questions around American Depository Receipts for MTN.​​

What is an American Depository Receipt (ADR)?
An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. Dividends are paid to investors in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors, and to provide a corporate finance vehicle for non-US companies.

What are the benefits of ADRs to US investors?
US investors generally prefer to buy ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to US market conventions. ADRs facilitate diversification into foreign securities. They also allow for easy comparison with securities of similar companies and, if listed, access to price and trading information.

What types of companies issue ADRs?
ADR issuers are typically large multinational corporations. Non-US companies looking to raise capital in the US or increase their base of US investors will issue ADRs.

Is it easy to get information and updates on an ADR company?
Investors receive annual reports and proxy materials in English. ADR issuers are generally accessible through websites in English, and through the main depositary bank websites. US-listed ADRs provide holders with the same level of information as any other US security. As MTN’s ADRs are not listed on a US exchange, MTN does not provide US GAAP financial statements.

Where are MTN ADRs traded?
ADRs are traded over-the-counter. The trading code is MTNOY. The CUSIP number is 62474M108. The ratio between the ordinary share and the ADR is 1:1.

Who is the depositary for ADRs for MTN?
The Bank of New York Mellon. The depositary bank plays a key role in the process of issuance and cancellations of ADRs. It also maintains the ADR holder register and distributes dividends in US dollars. Please go to the Bank of New York Mellon website for more information.

How are ADR dividends paid and taxed?
A registered holder, whose name appears on the books of the depositary, is considered the owner of record. A beneficial holder’s holdings are registered in the name of a broker, bank or nominee.

How can I find dividend and corporate action information?
Go to the Corporate Actions or DR Dividends & Distribution pages on the Bank of New York Mellon website.

How can I buy ADRs via a US broker?
You can buy depositary receipts through brokers at the Bank of New York Mellon. For more information please see their Broker-Dealer Services pages on their website.

How can I convert ordinary shares in MTN into MTN ADRs?
Ask your broker to contact the ADR Broker Desk at The Bank of New York Mellon.

[H5] Investors

[H2] AGMs
Download information related to our annual general meetings.

MTN Group 2025 Notice of AGM

[H5] Investors

[H2] Debt and funding updates
Download the annual financial statements submitted to the JSE for debt listings requirements.

MTN Holdings Group Annual Financial Statements 2025 signed

Nominations Policy

MTN - Conflicts of Interest Register- 29 April 2026_Final (003)

Conflict of Interest Policy

MTN International AFS 2025_signed

[H5] Investors

[H2] B-BBEE Certificate

B-BBEE Certificate - MTN Group

B-BBEE Certificate - MTN South Africa

MTN Section 13G Compliance Report

B-BBEE Certificate - MTN South Africa

MTN Section 13G Compliance Report

[H5] Investors

[H2] Presentations and Transcripts
Download presentations on results and to investors from the past year and previous years.

MTN Group - Q1 2026 trading update transcript on 12 May 2026

MTN & IHS Pro Forma Impacts

MTN Group - FY 25 results presentation transcript on 16 March 2026

MTN Group - Acquisition by MTN Group of IHS

[H5] Investors

[H2] Circulars and GMs

MTN shareholder circular

[H5] Legal

Terms & conditions
Cookie Policy
Privacy Notice
PAIA

[H3] Terms & conditions

[H5] 1. Acceptance of Terms & Conditions – warranty of capacity to contract.
Use of this website is entirely at your own risk.

This website (www.mtn.com) is made available to you by Mobile Telephone Networks (Proprietary) Limited (“MTN”) conditional upon your acceptance, without modification, of these Terms and Conditions as amended from time to time.
The Terms and Conditions set out below apply to every person who uses, accesses, refers to or views this website (“you” or “your”). Your access to and use of this website constitutes your agreement to and acceptance of these Terms and Conditions.
You hereby warrant to MTN that you have the required legal capacity to enter into and be bound by a contract. Minors must be assisted by their legal guardians when reading these Terms and Conditions. If you are unsure whether you have the legal capacity to enter into contracts, please ask someone to assist you with this information before continuing to use this website. If you do not agree with any provision contained in these Terms and Conditions, please stop using or accessing this website immediately.
[H5] 2. Modification of Terms & Conditions
MTN reserves the right, in its sole discretion, to amend (including without limitation, by the addition of new Terms and Conditions) these Terms and Conditions at any time and from time to time without notice to you. Any such amendments shall come into effect immediately and automatically. You undertake to review these Terms and Conditions regularly prior to use of this website for any such amendments.
[H5] 3. Definitions
3.1. The following terms shall have the corresponding meanings assigned to them:
3.1.1. “Intellectual Property” means, collectively, the patents, copyrights (and moral rights), Trade Marks, designs, models, brands, names, trade names, graphics, icons, hyperlinks, Know-How, trade secrets and any other type of intellectual property (whether registered or unregistered including applications for and rights to obtain or use same) which are owned by, licensed to, used and/or held (whether or not currently) by MTN on or in connection with this website.
3.1.2. “Know-How” means all the ideas, designs, documents, diagrams, information, devices, technical and scientific data, secret and other processes and methods used by MTN in connection with this website, as well as, all available information regarding marketing and promotion of the products and services described in this website, as well as all and any modifications or improvements to any of them.
3.1.3. “MTN” means Mobile Telephone Networks (Proprietary) Limited, its affiliates, subsidiaries and their subsidiaries. (See About MTN Group of Companies). Any reference to MTN will include the employees, officers, advisers, service providers, suppliers and content providers of MTN.
3.1.4. “Terms and Conditions” means these Terms and Conditions.
3.1.5. “Trade Marks” means those trade marks owned by MTN and any other trade marks, designs, logos, style names and slogans which MTN owns or has the right to use or any derivative service offerings of, and applications for, any of same.
3.1.6. “Website Material” means the contents of this website, including without limitation, all and any information, data, documents, Intellectual Property, material, products (including software) or services contained in, accessed through, or downloaded or obtained from this website.
[H5] 4. Interpretation
4.1. Unless the context requires otherwise or it is expressly stated to the contrary, any words and phrases:
4.1.1. defined in these Terms and Conditions will bear the same meaning throughout these Terms and Conditions;
4.1.2. not defined in these Terms and Conditions but defined in ECTA will bear the same meaning given to them in ECTA.
4.2. A copy of ECTA can be viewed and downloaded here.
4.3. The headings used in these Terms and Conditions are for the purpose of convenience and reference only and shall not be used in the interpretation of nor modify nor amplify the whole or any part of these Terms and Conditions.
4.4. No term or provision contained in these Terms and Conditions is to be interpreted or construed so as to exclude any rights granted by Chapter VII of the Electronic Communications and Transactions Act 25 of 2002 to any natural person who enters or intends entering into an electronic transaction with MTN on this website.
4.5. References to “writing” or notices “in writing” by MTN in these Terms and Conditions only includes writing on paper signed in ink by an authorised representative of MTN and specifically excludes any writing which may be in electronic form.
4.6. Any reference in these Terms and Conditions to a party shall, if such party is liquidated or sequestrated, be applicable also to and binding upon that party’s liquidator or trustee, as the case may be.
[H5] 5. Website material – scope of permitted use
5.1. Subject to the provisions of these Terms and Conditions, you may only download, view and print the Website Material restrictively for your own personal use and only for non-commercial purposes. This permission does not extend to the source code of this website or to the source code of any software or computer program that forms part of the Website Material.
5.2. You may not alter, modify, decompile, reverse-engineer, copy, reproduce, distribute, transfer, sell, transmit, display, broadcast, publish, exploit, license or create derivative works from the Website Material.
5.3. You may not use this website or the Website Material for any illegal or unlawful purposes or as prohibited by these Terms and Conditions.
5.4. You may not link to any page on this website or frame this website or any of the pages on this website in any way whatsoever without the prior written permission of MTN. Recognising the global nature of the Internet, you agree to comply with all local laws, rules and regulations regarding online conduct.
5.5. This website is Copyright © 2010 MTN. All rights reserved. You must get MTN’s prior written approval if you wish to copy, reproduce, distribute, transmit, display, broadcast or publish any Website Material, whether electronically or otherwise. Unless the relevant additional Terms and Conditions provide otherwise, requests for approval must be submitted to webmaster@mtn.com. MTN is entitled, in its sole discretion, to withhold or grant consent and may also impose any conditions on any consent which is granted.
5.6. To the extent that any copying, reproduction, distribution, transmission, display, broadcasting or publishing of any Website Material may be expressly permitted by MTN (such permission to be interpreted in its most restrictive sense) you may do so, provided that all Trade Marks, trade names and all copyright, ownership, proprietary and confidentiality notices as are included on the original are retained and displayed without alteration or modification and not in any manner obscured or removed.
5.7. You may not print any part of the website or the Website Material, except where MTN expressly states that you may do so. When printing the website or the Website Material, you must ensure that the following copyright notice appears prominently on every page that is printed: Copyright © 2010 Mobile Telephone Networks. All rights reserved.
5.8. You acknowledge that you do not acquire any ownership rights or rights of use in or to any Website Material by downloading that Website Material or by copying, reproducing, distributing, transmitting, displaying, broadcasting or publishing that Website Material where permitted to do so.
5.9. You may not transfer any rights or obligations in terms of these Terms and Conditions to any other person or entity.
5.10. You are solely responsible for obtaining and maintaining all facilities, services, products and equipment which may be required by you for the exercise of your rights of permitted use of this website.
[H5] 6. Your behaviour when using this website
6.1. You may not use this website to obtain or distribute:
6.1.1. copyrighted material or material protected by laws relating to intellectual property rights without the permission of MTN;
6.1.2. material containing viruses or any other destructive materials or data or code which is able to corrupt, interfere with, jeopardise, disrupt, disable, harm or otherwise impede in any manner the operation of a computer system or hardware or software;
6.1.3. material which is defamatory, unlawful or contains hate speech; or6.1.4. bulk e-mail, whether solicited or unsolicited.
6.2. You must not interfere with or jeopardise the functionality or the operation of any part of this website or attempt to interfere with or jeopardise, disrupt, disable, harm or otherwise impede in any manner the functionality or operation of any part of this website or of the Website Material.
6.3. You are strictly prohibited from using this website for “spoofing”, “hacking”, “flaming”, “cracking”, “phishing” or “spamming”.
6.4. You may not intercept any information transmitted to or from MTN or this website which is not intended by MTN to be received by you.
6.5. You must respect other users of this website at all times.
6.6. Any reference in these Terms and Conditions to a party shall, if such party is liquidated or sequestrated, be applicable also to and binding upon that party’s liquidator or trustee, as the case may be.
[H5] 7. Intellectual property
7.1. This website is Copyright © 2010 Mobile Telephone Networks. All rights reserved.
7.2. The Intellectual Property is owned by MTN or used under license or with permission. Trade Marks displayed on this website are either trade marks owned by MTN or belong to their respective owners. You may not copy, reproduce, display or use any Intellectual Property in any manner whatsoever without MTN’s prior written permission and nothing contained on this website should be construed as granting any licence or right of use of any Intellectual Property.
7.3. Where any of the Website Material has been licensed to MTN or belongs to any third party, your rights of use will also be subject to any Terms and Conditions which that licensor or third party imposes from time to time and you agree to comply with such Terms and Conditions.
[H5]
8. Changes to the website and removal of access MTN may, in its sole discretion, change, amend, suspend, withdraw or discontinue any aspect, feature, product, service or information contained on this website at any time without any prior notice to you. MTN may also impose limits on certain features and services or restrict your access to any or all of the website or Website Material without notice or liability.
[H5] 9. Disclaimers and limitations of liability
9.1. Your use of this website and reliance on any Website Material or services available on this website is entirely at your own risk. This website, including all Website Material, is provided “as is” and MTN will not be liable for any unavailability, interruption, downtime, malfunction, or failure of this website or the Website Material for any reason whatsoever.
9.2. MTN does not represent or endorse the accuracy or reliability of any advice, opinion, statement, or other information displayed on, linked to or distributed through this website or the Website Material. You acknowledge that any reliance upon any such opinion, advice, statement or information shall be at your sole risk. MTN reserves the right, in its sole discretion, to correct any errors or omissions in any portion of this website and the Website Material.
9.3. Information, ideas and opinions expressed on this website and in the Website Material should not be regarded as professional advice or the official opinion of MTN and you are strongly advised to seek professional advice before taking any course of action related to them. More specifically, certain information such as share price data, interest rates and exchange rates constitute guidelines only and the provision of this data may be delayed by a period of time. Accordingly, you are strongly advised to consult MTN or your professional adviser before trading or acting on such information. Calculators supplied on this website are for indicative values only and MTN shall not be responsible or liable for any inaccuracies or miscalculations arising out of defects or incorrect use.
9.4. Subject to the provisions of the Electronic Communications and Transactions Act 25 of 2002 (“ECTA”) and to the fullest extent permissible by law, MTN disclaims all warranties of any kind, whether express or implied, including without limitation to the implied warranties of merchantability or fitness for a particular purpose, in respect of this website and the Website Material. MTN does not warrant that the functions contained in this website or the Website Material will meet your requirements; will be uninterrupted, timely, secure or error free; will meet your requirements or operate in every combination selected by you for use; that any defects or errors will be corrected; or that this website or the Website Material or the server that makes them available is free of viruses or other harmful components. MTN does not warrant that this website or the Website Material will provide specific results from use of this website or the Website Material or any content, search or link within them or that the results that may be obtained from the use of this website will be accurate or reliable.
9.5. Whilst MTN takes reasonable precautions in its operation of the website, neither MTN nor its agents or representatives will assume any responsibility and neither MTN nor its agents or representatives (in whose favour this constitutes a stipulatio alteri) shall be liable for any damages to or for viruses that may infect your computer equipment or other property on account of your access to, use of or browsing of this website or the Website Material or your downloading of any materials, data, text images, video or audio from this website or the Website Material. Any material downloaded or otherwise obtained through the use of this website or the Website Material is done at your own discretion and risk and you will be solely responsible for any damage to your computer system or loss of data that results from the download of any such material.
9.6. To the extent that information displayed on this website relates to any stock exchanges, financial markets, financial products, securities, derivatives, units, funds, currencies and/or exchange rates, you acknowledge that this information may not be accurate or complete. You further acknowledge that any assessment or reflection of the performance of any security, unit, fund, product, stock exchange, derivative or financial market does not mean that such performance will be repeated or should be relied upon in any way.
9.7. You agree that under no circumstances whatsoever,

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Fintech solutions

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Enterprise services

[IMG: Network as a service]
Network as a service

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API marketplace

[H4] Our purpose
is leading digital solutions for Africa’s progress.
Inspired by Africa’s potential, we are committed to bridging the digital divide, furthering financial inclusion and advancing the attainment of the United Nations Sustainable Development Goals through our core business activities and our support to governments, communities and customers. The UN SDGs target a sustainable society with a plan to end poverty, protect the planet and ensure equality for all by 2030.

[H4] Our values

[H5] Lead with Care

[H5] Can do with Integrity

[H5] Collaborate with Agility

[H5] Serve with Respect

[H5] Act with Inclusion

[H4] Our history
We were established in South Africa at the dawn of democracy in 1994 as a leader in transformation. Since then, we have grown by investing in sophisticated communication infrastructure, developing new technologies and by harnessing the talent of our diverse people to now offer services to communities across Africa.

[H4]

[H3] Our vital enablers

[H4] Leading customer experience
Find out more

[H4] Best talent, culture and future skills
Find out more

[H4] Value-based capital allocation
Find out more

[H4] ESG at the core
Find out more

[H4] Technology platforms second to none
Find out more

[H2] Latest news

Media releases
29 May 2026
[H4]
MTN’s Y’ello Care 2026: Expanding equitable health for every community

MTN Group is pleased to announce the 2026 edition of...
READ MORE

Spotlight stories
28 May 2026
[H4]
The value behind the network:  MTN’s tax contribution to the countries it serves

MTN’s presence across our markets is shaped by people who...
READ MORE

Spotlight stories
25 May 2026
[H4]
MTN – a pan-African digital operator committed to helping unlock Africa’s potential

“I am not African because I was born in Africa,...
READ MORE

VIEW ALL NEWS

[H3] Leadership

Governance
Board of Directors
Executive Committee
VIEW ALL REPORTS

Looking for something else?
[H4] Careers

We’re always looking for more agents of change to join us in delivering a bold new digital world across the Middle East and Africa.
See Vacancies

Looking for something else?
[H4] Contact us

Just say Y’ello. Get in touch here.
Say Y'ello

Looking for something else?
[H4] Global Graduate Programme

Accelerating top graduates from across MTN’s footprint in Africa and the Middle East.
READ MORE