Africa will soon surprise the world on 5G technology use cases, says Ralph Mupita, president and CEO of MTN Group. MTNBusinessZA
This is according to Ralph Mupita, president and CEO of MTN Group, who today said the consolidation of the telecoms sector is inevitable, as the market is heading towards a saturation point.
“Having a market that is saturated by a number of players is not sustainable. There is simply not a big enough profit pool to meet the return and other financial objectives of a number of industry players,” said Mupita. “We are very determined to deepen digital and financial inclusion across Africa. Africa has an opportunity to leap-frog economically by leveraging digital infrastructure and services to drive social-economic growth,” said Mupita.
With the licence, MTN will offer a wider range of mobile financial services beyond the traditional person-to-person mobile money transfers, such as lending and bill payments.
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