History

MTN International acquired a National GSM 900 licence in Cameroon.
M-Cell acquired the remaining shareholding in MTN Holdings from Transnet.
Johnnic Communications acquired 4,6% of M-Cell from Transnet, consolidating the Johnnic Group's control of M-Cell.

MTN International acquired National GSM 900 and GSM 1800 licences in Nigeria at the cost of US$285 million, and launched operations in August 2001.
M-Cell acquired CiTEC, a tier-one Internet Service Provider (renamed MTN Network Solutions in May 2002), to increase the range of data services provided to corporate customers.

M-Cell was renamed MTN Group Limited to reinforce African presence and awareness of the brand.
MTN Nigeria commenced with construction of Y'helloBahn, a 3 400 kilometres-long countrywide microwave radio transmission backbone.
MTN management and staff acquired an 18,7% interest in M-Cell (now MTN Group) through the acquisition of the interest held by ICE Finance BV/Transnet. The shares are held in trust by Newshelf 664, which in turn is owned by a Trust for the benefit of management and staff.

MTN Group free float increase to just under 75% after Johnnic unbundled a 31,9% stake.
MTN Nigeria secured a US$395 million loan to fund the further expansion of its infrastructure in the country.
First Sustainability Report published.