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Paratus connects Finkenstein residents

Paratus connects Finkenstein residents

As of this week, Paratus Telecom connected residents in the Finkenstein estate, East of Windhoek with a Fibre to Home (FTTH) world-class digital connectivity.
Paratus Telecom said it is the first privately-owned Pan-African operator to deploy fibre to 550 homes and will be providing an all-inclusive turn-key solution to residents of the Finkenstein Manor and Finkenstein Village development.
The partnership between the project developers and Paratus Telecom has created of the first-ever Namibian digital village. Paratus Telecom Group CEO Barney Harmse said residents will now be able to enjoy endless value-added broadband services and connectivity solutions over a state-of-the-art-fibre optic network.
He believes this is the first FTTH deployment in Africa for a privately owned Pan-African operator, built on its own infrastructure.
Partus Telecom was issued with a Class Comprehensive Telecommunications Service License (ECS & ECNS) in 2012, following further expansion of its 4G network, national and international network to provide telecommunications services to the Namibian public at large as well as the private and corporate sector.
“The entire solution is an end-to-end solution from Paratus Telecom, completely independent of any third-party infrastructure. Looking forward, we plant to invest a total of more than N$150 million on infrastructure in Namibia over the next three years of which N$100 million will be invested in fibre infrastructure,” said Harmse.
Finkenstein Village and Manor developer Gerdus Burmeister said the fibre infrastructure will eventually be deployed to more than 1000 homes. “Compared to any other connectivity medium, fibre reigns supreme.”
“Due to its inherent speed, capacity and reliability, fibre will now enable us to implement a fully comprehensive access control and security solution which will include CCTV on the estate – one of our primary objectives. Residents will now also be able to enjoy access to triple-play connectivity including voice, video and data solutions,” he concluded.
With its head office in Windhoek, Paratus also has fully licensed offices in Angola, Botswana, Zambia and South Africa. Since inception, it has established a prolific network extending the entire Namibia, with additional international points-of-presence in Johannesburg (South Africa), Lisbon (Portugal) and London (UK).

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Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.