Malawian telecoms operator Telekom Networks Malawi (TNM) has completed an ‘optimisation project’ to upgrade its mobile and data network in Lilongwe. Nyasa Times quotes the firm’s CTO Lloyd Gowera as saying that the project was aimed at improving network capacity, coverage and internet connectivity speeds in the capital. He added that the upgrade, which was carried out...
The mobile telecommunications firm which is a Malawian owned company announced yesterday the appointment of Canadian telecoms engineer Michel Hebert as its new chief executive officer. He replaces Arnold Mbwana who left the company last year after working as CEO since March 2021. Starting from October 2022, TNM was being led by Engineer Lloyd Gowera...
In view of incurred losses due to weakened local currency (Kwacha), Malawi’s largest telecom operator Telekom Networks Malawi (TNM) has projected a 90% decline in profit after tax for the year ended 31 December, 2022. In a trading update issued by the Malawi Stock Exchange, the company said foreign exchange losses will have a negative...
Telekom Networks Malawi (TNM) has increased prices of its voice and data services by 20% effective today. The company said the adjustment was due to the rising cost of doing business in the country as a result of the 25% devaluation of the local currency, the Kwacha by the Reserve Bank of Malawi (RBM) coupled...
Malawian mobile operator, Telekom Networks Malawi (TNM) is anticipating a “challenging” economic environment exacerbated by foreign currency shortages, a volatile exchange rate and sustained cost pressures on margins and revenue. The company raised mobile money revenue by 23% in the financial year to the end of December, in addition to uplifting data income by 21%....
Malawi’s largest mobile phone operator, Telekom Networks Malawi (TNM) remains optimistic that despite the challenges posed by two years of COVID-19, a volatile exchange rate and a shortage foreign exchange, its business model will deliver more positive results. According to the company, its customer base has increased by 26% to 4.5 million over the last...
Last year Telekom Networks Malawi (TNM) invested MK31.5-billion (about US$39-million) in telecommunications infrastructure development as part of an ongoing effort to digitally transform and strengthen operations. TNM board chairman George Partridge said the penetration of telecommunications services in the country stands at 48%, which is low in comparison with other markets. He added: “The smartphone...
Revenue for Telkom Networks Malawi (TNM) declined by 6% during a difficult 2020 period characterised by COVID-19 disruptions, although data income offered some degree of comfort after strengthening by 17%. According to a report released by TNM on Saturday, the company experienced the decline despite a 28% surge in mobile money revenues, along with data...
Canonical, the publisher of Ubuntu, has announced that its Charmed OpenStack, an open source private cloud solution that allows businesses to control large pools of computer, storage and networking in a datacentre, has been selected by Telekom Networks Malawi (TNM) to modernise and virtualise its entire telecommunications infrastructure. According to a statement released by the...
TNM Plc has partnered with Malawi government to provide free Wi-Fi in selected public places across the country over a three-year period. The initiative is being implemented by Public Private Partnership Commission (PPPC) under the Digital Project Malawi and will lead to the setting up of 30 Wi-Fi hotspots including schools, libraries, hospitals and markets...
