The successful African Telecommunication companies in Africa.
(by users and 2021 revenue)
Telecommunication business is a lucrative business any where in
the world. Most foreign investors who were smart enough to
create telecommunications company In the early 2000’s are today
proud owners of some multi-billion dollars company. Some of
these companies can now boast of over 200 million active users
across their operational zones with revenues of over $5 billion US dollars within just a Year. Revenues are determined by the cost of purchasing the services of these companies as they vary and some of these telecommunications companies have been able to monopolize their industry.
The top 5 largest and most successful Telecommunications companies in Africa:
5. Maroc Telecom
73 million active users and $997 million dollars in revenue,2021: this is the main telecommunications company in Morocco. It provides public phones throughout Morocco which reaches 1.6 million lines in a fixed park. Their network covers 97% of the Moroccan population and boasts of over 30 million customers in Mali, Gabon, Burkina Faso and Mauritania.
4. Ethio Telecom
56.2 million active users and $1.29 billion in revenue,2021: it is an Ethiopian government owned telecommunications company serving as the major internet and telephone service providers. It is situated in Addis Ababa and it maintains monopoly over all telecommunications services in Ethiopia.
3. Safaricom
39.9 million active users and $2.4 billion in revenue, 2021: Kenyan mobile network operator headquartered at safaricom house in Nairobi and Kenya. It is the largest Telecommunications provider in Kenya and majorly contributes to the East and Central Africa regions telecommunications needs. It provides mobile telephony, mobile money transfer, consumer electronics, E-commerce, data and music streaming etc.
2. Vodacom
123.7 million active users and $6.8 billion in revenue 2021 the company with South African origin with operational networks in Tanzania, Democratic Republic of Congo, Mozambique, Lesotho and provides business services to customers in over 32 African countries including Nigeria, Zambia, Angola, Ghana etc.
1. MTN
280 million active users and $5.6 billion in revenue 2021: South African company operating in many African and Asian countries headquartered in Johannesburg South Africa. It is Africa’s largest Telecommunications company and the 8th largest mobile network operator in the World and it’s largest income/ revenue comes from Nigeria where it holds about 35% market share.
