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Paratus debuts at MyBroadband conference

Paratus debuts at MyBroadband conference

Paratus Telecom flew the Namibia flag high when it debuted at the MyBroadband conference in South Africa this week. The growing telecommunications company also recently announced that it had acquired South African Maxwell Technology (Pty) Limited, a full-spectrum end-to-end connectivity solutions provider.
Paratus showcased at MyBroadband Conference at the Gallagher Convention Centre in Midrand this week.
Paratus Telecom South Africa aims to be the connectivity solutions facilitator of choice for all companies expanding into Africa. With a presence in over 22 countries, it is well positioned to address any connectivity requirements.
The company has 3000 active satellite terminals across Africa and is the second largest operator of iDirect Hubs providing communication services to Africa. It operates hubs in the UK, South Africa, Luanda, and Namibia.
Paratus Telecom Chief Operating Officer Schalk Erasmus said Maxwell Technology was a perfect fit. “As an independent provider of last-mile, satellite-based, connectivity and access solutions for their mining and engineering clients in Africa, Maxwell quickly evolved to a full-spectrum, end-to-end connectivity solutions provider to clients from predominantly un-served and under-served areas.”
“It is our job to find the customer the right, yet cost effective solution anywhere,” added Paratus Telecom South African Managing Director Kallie Carlsen. “We have a strong presence throughout Africa, ideal for South African companies wishing to expand their operations into the rest of Africa.”
Through either its own networks or infrastructure or via carefully selected partnerships, Paratus Telecom can tailor solutions ranging from VSAT, Point to Point Wireless, Fibre, Diginet and LTE. Connectivity solutions can be tailored to meet the needs of users spanning from corporate level, secure private networks and MPLS, right down to cost effective solutions for SME and home users.
“Our partnerships in South Africa allow us to be a connectivity services aggregator, a one stop shop for all managed connectivity services,” Carlsen concluded.

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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.