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MTC warns clients of new scam offering free lottery tickets

MTC warns clients of new scam offering free lottery tickets

Namibia’s largest telecommunications service provider, MTC this week issued a statement warning its clients and all telecommunication users to be on the alert for a scam sent as a phone message, offering the recipient a free lottery ticket with a chance to win US$11 million in prize money.
The scam is a reduplication of a similar well-known email scam but which has not yet surfaced on mobile platforms. In the typical email scam, the recipients are picked at random, usually from mass distribution lists, or from commercially available lists of known email addresses. The mobile version, however, is targetting specific mobile users, enticing them to furnish personal banking details.
Speaking to the Economist, the public relations officer at MTC, Mr Erastus Nekundi elaborated that according to the scam, this promotion is conducted as a token of appreciation to consumers of telecommunications services in Windhoek. The message informs the mobile user, he or she is one of ten lucky subsribers picked by the telecommunications company to stand a chance of winning the enormous amount. Subscribers must answer three questions before receiving their free lottery ticket.
Although MTC’s name is not directly referred to in its full format, as a responsible entity, Nekundi said “we deemed it appropriate and are pro-actively cautioning our esteemed customers that the use of the name “Mobile Telecommunications”, which is similar to our legal and full commercial trading name “Mobile Telecommunications Limited” as abbreviated MTC, could be used to mislead and dupe unsuspecting clients to believe that this is a “MTC” promotion. We hereby wish to alert our customers and bring forth to your attention that MTC is nor promoting or running any promotion of such kind or format.”
The telecommunications provider announced that they distance themselves from the campaign and wish to caution customers to remain vigilant about this type of scams and when in doubt, contact their customer contact center at 081 130 or 081 120 toll free from their handsets to ascertain validity.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.