JOHANNESBURG, South Africa — The MTN Group announced that it will become the first African telecommunications company to join the IoT World Alliance.
“We are very proud to be a member of the Alliance, not only do we join a community of like-minded telecommunications companies committed to making global connectivity cheaper and simpler, but as MTN we believe this partnership supports our efforts to deliver on our core belief that everyone deserves the benefits of a modern connected life,” said MTN Group Executive for Enterprise Business, Oliver Fortuin.
IoT World Alliance is a collaboration of established mobile network operators which aims to adopt and run a globally connected business through well-executed and smart business decisions.
“We are pleased to have MTN on board, and look forward to leveraging the scale and reach that MTN has in Africa and parts of the Middle East,” said IoT World Alliance Chairman Mark van den Berg. “I think it is an exciting and long overdue partnership not only for MTN Group but also for IoT World Alliance as we work towards enabling our customers’ IoT device connectivity. He added that, “we look forward to a long-lasting partnership and most importantly working together to offer customers the solutions they need when they need them.”
Multinational corporations planning to roll out connected devices worldwide face a multitude of hurdles. As the largest mobile operator cooperative in the world, the IoT World Alliance aims to eliminate the complexity associated with worldwide deployments of connected devices.
The Alliance provides a global solution aimed at simplifying and promoting the adoption of IoT communications worldwide. The unique solution leverages the operators’ combined global presence to the benefit of customers.
The announcement comes when Public Investment Corp. raised its stake in MTN Group Ltd. for the second time. Their shareholding is almost 26 percent.
The shares rose 1.5 percent to 89.73 rand as of 4:30 p.m. in Johannesburg on Thursday, valuing the company at 169 billion rand ($12 billion).