First National Bank (FNB) has signed an agreement with MTN South Africa to supply network services for FNB Connect, its mobile virtual network operator (MVNO).
- FNB Connect adopts a dual-supplier strategy, retaining Cell C as another network services provider alongside MTN.
- MVNOs like FNB Connect leverage existing network operators to offer telecommunications services and complement their existing offerings, attracting retailers and banks in South Africa.
- FNB and MTN’s strategic network collaboration aims to accelerate access to reliable telecommunications and internet services for FNB Connect customers.
- The collaboration allows FNB Connect customers to enjoy the benefits of both network quality and expands FNB’s range of services, including cost-effective solutions and tailored offerings for individuals and businesses.
- FNB’s MVNO has achieved significant sales, with about R400 million worth of digital devices sold in the first half of the year.