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Annual Report : Corporate governance   Next : Statement of directors' responsibilities
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Corporate governance - Contents


Group Companies Terms and Acronyms
MTN Group, MTN, the Group MTN Group Limited
MTN Holdings Mobile Telephone Networks Holdings (Proprietary) Limited
MTN South Africa South African operations including MTN Service Provider, MTN Network Operator, MTN Network Solutions, I-Talk and Leaf
MTN Service Provider MTN Service Provider (Proprietary) Limited
Irancell Irancell Telecommunications Company
Mascom Mascom Wireless Botswana (Proprietary) Limited
MTN Côte d’Ivoire MTN Côte d’Ivoire Societé Anonyme
MTN Nigeria MTN Nigeria Communications Limited
MTN Cameroon Mobile Telephone Networks Cameroon Limited
MTN Congo Brazzaville MTN Congo Societé Anonyme
MTN Uganda MTN Uganda Limited
MTN Rwanda MTN Rwandacell S.A.R.L
MTN Swaziland Swazi MTN Limited
MTN Zambia MTN Zambia Limited
MTN Foundation Division of an operation responsible for corporate social investment
MTN Network Operator Mobile Telephone Networks (Proprietary) Limited
MTN Network Solutions MTN Network Solutions (Proprietary) Limited
MTN R&D Division of MTN Network Operator responsible for research and development
NEFTO Nigeria Electronic Funds Transfer Operation
Orbicom Orbicom (Proprietary) Limited
Handset Mobile telephone
HEPS Headline earnings per share
HIV Human Immuno Deficiency Virus
ICASA Independent Communications Authority of South Africa
ICT Information, communication technologies
ICTE Information, communications technology and electronics
IFC International Finance Corporation
IFRS International financial reporting standards
Interconnect cost Costs as a result of calls from MTN subscribers terminating on other local networks
Interconnect revenue Revenue as a result of calls originating on other local network, terminating on the MTN network
ISO International standards organisation
ISP Internet service provider
JSE JSE Limited
KING II King committee report on corporate governance 2002
KPI Key performance indicator
LIBOR London Inter-Bank Offer Rate
MD Managing director
MHZ Megahertz
MMS Multimedia message service
MOU Minutes of use
MSC Mobile switching centre
MVNO Mobile virtual network operator
NCC Nigerian Communications Commission
NEPAD New Economic Partnership for African Development
NAIRA Nigerian naira
PAT Profit after taxation
3G Third generation
AIDS Acquired Immune Deficiency Syndrome
ARPU Average revenue per user
BEE Black economic empowerment
BSC Base station controller
BTS Base transceiver station
CDMA Code division multiple access
CEO Chief Executive Officer
CFA Communaute Financiere Africaine franc
CRI Corporate reputation index
CSI Corporate social investment
CV Curriculum vitae
DFI Development Finance Institution
DRC Democratic Republic of Congo
dti Department of Trade and Industry (South Africa)
EBITDA Earnings before interest, tax, depreciation and amortisation
EDGE Enhanced Data for GSM Evolution
EE Employee equity
EPS Earnings per share
ERM Enterprise risk management
EUR Currency of the European Union
EVP Employee value proposition
EXCO Executive Committee
GPRS General Packet Radio Service
GSM Global System for Mobile Communications
Prepaid Service for which the subscriber has paid in advance
Postpaid Service for which the subscirber has a contract and pays on a monthly basis
RAND/ZAR South African rand
Roaming Subscribers using a foreign network
RWF Rwandan franc
SCMB Standard Chartered Merchant Bank
SDH Synchronous digital hierarchy
SENS Stock exchange news service
SIM Subscriber identity module
SME Small medium enterprise
SMME Small medium and micro enterprise
SMS Short message service
SNO Second network operator (South Africa)
SPTC Swaziland Post and Telecommunications Corporation
STC Secondary tax on companies
Subscriber Mobile customer receiving or making a call with a 90 day period
UGS Ugandan shillings
USAL Under-serviced area licence
USSD Unstructured supplementary service data
UGX Ugandan shillings
VANS Value-added network services
VOIP Voice over internet protocol
VSAT Very small aperture terminal
VTU Virtual top-up
WAP Wireless Application Protocol
WiMax Worldwide interoperability for microwave access/broadband wireless technology