MTN Group is building and exploring new innovative capabilities, such as 5G and IoT use cases, using Ericsson Charging and Ericsson Mediation, integrated with Ericsson Dynamic Activation.

The partnership sets the stage for continued growth and success as MTN Group journeys towards a cloud-native future in line with its Ambition 2025 strategy.

Ericsson (NASDAQ: ERIC) and MTN Group (JSE: MTN) have renewed their partnership for continued delivery to MTN of two flagship products from the Ericsson Business and Operations Support Systems portfolio, Ericsson Charging and Ericsson Mediation. These solutions are integrated with Ericsson Dynamic Activation (EDA) from the Ericsson Network Management portfolio. As part of the partnership, Ericsson will provide these solutions for the next 5 years across MTN's pan-African market.

The partnership includes the modernisation of MTN Group's Business Support Systems (BSS) ecosystem, enabling best-in-class features and capabilities that support exploring monetisation streams and new business models, such as 5G and Internet of Things (IoT).

This partnership plays a significant role in advancing MTN Group's cloud-native transformation, fostering continued growth and aligning with the accelerated implementation of MTN Group's Ambition 2025 strategy, which aims to build one of the largest and most valuable platforms utilising connectivity and infrastructure businesses for both mobile and fixed access networks across the consumer, enterprise, and wholesale segments.

With this agreement, MTN will continue using Ericsson Charging, Ericsson Mediation and Ericsson Dynamic Activation as part of the overall BSS landscape. With the ongoing support from Ericsson, MTN will have a robust base from which to grow and scale its services across Africa, capturing and securing revenue streams, enhancing billing accuracy and granularity, supporting new services, delivering revenue assurance, and enabling data monetization through preparation for analytics and IoT.

Mazen Mroue, MTN Group Chief Technology and Information Officer, shares: 'We continue looking to elevate our technological infrastructure and offer pioneering services in our markets to our customers while achieving cost efficiency through our expansive scale. The sustained collaboration with Ericsson has been instrumental in promoting innovation, standardization and enhancing operational efficiency. The recent agreement with Ericsson marks a significant milestone, enabling MTN to tap into the transformative power of cloud computing, driving us towards the objectives outlined in our Ambition 2025 strategy. This strategic move underscores our commitment to embracing innovative technologies that enhance customer experience and drive sustainable growth'

Hossam Kandeel, Vice President and Head of Global Customer Unit MTN and Customer Unit MTN Africa at Ericsson Middle East and Africa, says: 'As we continue to evolve and expand our partnership with MTN Group, we are committed to evolve towards latest technology solutions that will enable MTN capture new revenue streams and enhancing customer experience. Our Business and Operations Support Systems portfolio is designed to provide the flexibility and agility required for changing customer demands. We are happy to sign this contract and support MTN Group in delivering superior service experiences, creating new business models for 5G, and driving digitalization across Africa.'

Ericsson's agile, flexible, robust, and resilient Business and Operations Support Systems and Network Management portfolios uniquely position MTN Group to unlock new revenue streams and capitalise on emerging opportunities in both consumer and enterprise markets. This multi-year partnership is a strong foundation for continued growth and success in the years to come.

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ABOUT ERICSSON:

Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our customers. We are inspired by our belief that everyone deserves the benefits of a modern connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code 'MTN'. Our strategy is Ambition 2025: Leading digital solutions for Africa's progress.

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