A few years back, the question of where MTN would pop up next could have been a popular parlour game in the swish offices of corporate financiers seeking a slice of the expansion action. Rob Shuter, MTN’s CEO since April, says he hasn’t put the brakes on the company’s expansion strategy, even as he goes about fixing its flailing operations in SA and Nigeria. Specifically, he flags Angola and Ethiopia as two countries MTN is keen on entering. "We’ve always kept a very close watching brief on those two markets, and if something emerged there, there would be good opportunities for MTN. It would be hotly contested." Within a year, Angola’s political environment has opened up considerably. The new president, João Lourenço, has upended the notoriously corrupt and nepotistic administration of his predecessor, José Eduardo dos Santos, sacking Dos Santos’s daughter as head of the state oil company.Angola has now announced a public tender for a fourth telecommunications licence. The state wil...
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