MTN`s shareholders have approved the reconstitution of MTN`s board of directors, following the recent R33.5 billion acquisition of Middle Eastern network operator Investcom.
The group said last month that it was appointing independent non-executive directors in line with its international expansion.
The new directors are Peter Woicke (Germany), Mamphela Ramphele (SA), Koosum Kalyan (SA), Johnson Njeke (SA) and Sheik Abduragman Sharbatly (Saudi Arabia).
Shareholders at yesterday`s annual meeting of the company voted in favour of the appointments.
MTN says the board will also support the group`s new operating and reporting structure, consisting of three regions: southern Africa, west/central Africa and Middle East, north and east Africa.
"The rapid realisation of the MTN Group`s expansion strategy prompted us to implement a regionalised operational structure to ensure a more focused supervision of the various operating units for a more efficient and effective organisation," says CEO Phuthuma Nhleko.
The Investcom purchase doubled the number of countries in which MTN operates.
Investcom, founded in Lebanon in 1982, operates GSM mobile networks in Benin, Cyprus, Ghana, Guinea Bissau, Liberia, Sudan, Syria and Yemen.
It also recently won licences to build and operate networks in Afghanistan and Guinea Republic.
Related stories:
Former Lebanese PM to own a share of MTN
More detail on MTN`s R33.5bn deal
MTN makes R33.5bn acquisition
Iran 'to be third big MTN operation`

