Delayed for more than a year because of the global pandemic, the IPO of the incumbent telecommunications operator is finally on track. The Namibian government places high hopes in this operation to inject dynamism into national growth. Shares of Namibia’s state-owned telecoms operator, Mobile Telecommunications Limited (MTC), officially went on sale Monday, September 20, on the...
Namibia’s largest telecommunications operator Mobile Telecommunications Company (MTC) says it will list on the local Stock Exchange (NSX) by the end of November. The company said it will make available 367.5 million shares to the general public and would release its prospectus on 20 September 2021 detailing the cost of the shares. According to MTC...
Mobile Telecommunications (MTC), Namibia’s largest mobile network operator (MNO) by subscribers, has split its shares in a 1:30 ratio ahead of its upcoming listing on the Namibian Stock Exchange (NSX), reports The Namibian. The decision to increase the company’s share capital from an initial 25 million shares to 750 million was revealed by the company’s CFO Thinus...
Mobile Telecommunications (MTC), Namibia’s largest mobile network operator (MNO) by subscribers, has announced that its application for a primary listing on the main board of the Namibian Stock Exchange (NSX) has been approved. In a statement issued on 20 August, MTC confirmed 49% of the ordinary shares in the company will be made available to the general...
Information and communication technology minister Peya Mushelenga said the review of various information and communication technology policies and their possible consolidation into a uniform national ICT policy is on the cards. Mushelenga made the remarks when he motivated the ministry’s budget last week in the National Assembly. The ministry received over N$354 million from the...
Mobile Telecommunications Limited (MTC) has started with the process of registering subscriber identification module (SIM) cards in Namibia. However, the going is tough as MTC finds it difficult to finalise the process, as no legislative mandate yet exists to empower them to smoothly deal with the process. MTC MD Licky Erastus shared this information during...
Namibia approved new regulations on 15 March that will require all mobile phone subscribers to register their SIM cards before being able to access network services, reports The Namibian. Minister of Information and Communication Technology Peya Mushelenga stressed the regulation was partly necessitated by Namibia’s increasing crime rate. ‘Right now anyone can go into a shop, buy...
Paratus Namibia has signed its first ‘fibre open access’ agreement on-boarding Africa Online as a client. According to a statement by the company, this is the first of many deals in which Paratus will share its infrastructure with licensed operators in delivering fibre connections to the broader business and domestic market in Namibia. Paratus says...
The Namibian capital has been engaged since 2017 in a digital transformation project. But its completion within the allotted time meets some disturbances. In a leaked investigative report, internal auditors in the municipality of Windhoek, the capital of Namibia, reveal numerous irregularities in the implementation of the local fiber optic monetization project initiated last year by...
Namibia’s Internet penetration rate is still well below 50%. The government is working to reduce this gap which could hamper its post-Covid economic recovery efforts. PowerCom, a specialist in providing ICT infrastructure and equipment, has started building new telecom towers across Namibia. This subsidiary of the 100% state-owned mobile telephone operator, Telecom Namibia, plans to invest 5.4...
