Telecommunications giant MTN Group has established its wholesale infrastructure company, GlobalConnect, as an operating company (Opco) within the parent group.
The move follows a review of the operational structure of Dubai-headquartered GlobalConnect to further enable growth and is in line with the group’s strategic focus on wholesale.
“I am pleased that after less than two years of operation, MTN GlobalConnect has exceeded expectations, growing its customer base and revenue ahead of targets,” MTN Group COO Jens Schulte-Bockum said on Wednesday.
The Opco was established in 2017 as a commercial vehicle for the consolidation of MTN’s international and national major wholesale activities.
Current CEO Frédéric Schepens will continue to lead the Opco.
“I have no doubt that the team, led by Frédéric will continue to build on their gains to drive value to our operations, and lead MTN’s ambition to build Africa’s leading wholesale company,” Schulte-Bockum added.
“Offering the most complete backbone network in Africa, the company provides reliable solutions for fixed connectivity and international mobile services and is the single-entry point to the largest network infrastructure on the continent.”
GlobalConnect strives to enable services that create significant value for other MTN Opcos, partners and third parties looking to gain from the growing opportunities in the Middle East and Africa.