The MTN Group has achieved its 200 millionth subscriber milestone.
The firm said in a statement on Wednesday that the 200 million subscriber mark came a year before its celebration of 20 years of connecting people and economies from South Africa (the launch pad) to South Sudan, its most recent market.
It also announced its R200m initiative to improve the quality of education across its markets in Africa and the Middle East over the next two years.
As a multinational telecommunications company operating in emerging markets, the MTN Group, according to its President and Chief Executive Officer, Mr. Sifiso Dabengwa, has a particular opportunity to make a meaningful contribution to social development.
“Due to the lack of access to quality education and infrastructure, and low literacy rates in most of these countries, MTN has chosen to direct a significant amount of its corporate social spend towards education over the next two year. This will provide people with the skills, knowledge and confidence they need to make positive decisions about their lives,” Dabengwa said.
The firm said it was running a comprehensive multi-country CSR programme through the MTN Foundation spanning education, health and other national priorities.
“A grand total of R193m was spent in these three areas during 2012. Going forward, the company will scale up its contribution towards building knowledge economies in its markets by investing in more education initiatives aimed at empowering learners and teachers, using ICTs and mobile learning,” it added.