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Cable bandits leave residents, businesses without internet and voice services

Cable bandits leave residents, businesses without internet and voice services

Telecom Namibia’s underground network in the southern part of Windhoek was recently affected when copper thieves stole a 1000 pair copper cable, disrupting voice and data services in the Cimbebasia suburb, which is bordered by Prosperita to the north and Kleine Kuppe to the east.

Telecom’s Head: Corporate Communications and Public Relations Officer, Oiva Angula in a statement said, at least 500 to 800 business and residential customers have beene affected by the latest incident of copper cable theft.

Angula said copper cable theft is not new in Namibia, but lately it has reached an unprecedented scale, especially in Windhoek.

Telecom Namibia is greatly concerned of the pattern of copper cable theft in the City and is committed to working with police to curb any recurrences.

Angula said that Telecom has commenced the restoration process and services will progressively be fixed during the course of this week.

“We apologise for the inconvenience caused by this outage and we assure customers that we are doing all that we can to curb any further copper cable theft in the area. We appeal to residents in this area to be on high alert and to report any suspicious activity to Telecom Namibia 24 hour crime/fraud hotline number 0800203579, or the nearest Police Station,” he added.

Meanwhile, Telecom Namibia is offering a reward for information that leads to the arrest of the criminals behind the theft.


 

 

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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.