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MTC to invest in rural network upgrades

Following months of high-level consultations between the Governors of all regions and Mobile Telecommunications Limited MTC, MTC yesterday announced that it has availed over N$12 million for network infrastructural improvements and upgrades.
These plans form part of MTC s network and infrastructural development program set up by the network operator and the regional governments.
The Regional Governments were instrumental in highlighting and identifying the geographical areas that warrants the improved network reception, as they were asked to identify towns and areas were coverage is needed mostly.
The investment from MTC will amount to N$12 million during the year under review, and 6 of the 13 regions have been earmarked for construction of new towers to extensively improve network reception in remote and rural parts of the country.
The six regions and their areas are Elavi in Oshikoto , Onawa in Omusati, Omatako Valley in Otjozondjupa, Otjiyarwa in Omaheke, Kapani in Caprivi and Mata Mata in the Karas region. The duration of the construction including Environmental Impact Assessment studies are forecasted to be 5 months with the target completion expected to around August 2013.
“The uniqueness of this approach is that we have given the Regional Governments ownership of their own development in line with National development goals. Our approach was simple as we believe that key to a successful economy is the presence of infrastructure especially that of ICT which is our core business. These efforts are meant to support Government objectives in its ideals to improve ICT in rural areas”, stated Tim Ekandjo
 “To this effect the announcement we made here today is the culmination of months of planning and is indicative what cooperation can achieve between parties, especially since the Regional heed our calls to help us in identifying the critical areas that needed this network improvements, that this roll out is for this financial year and that we will attend to the other priorities in the next financial year” expressed Ekandjo.
“For many years, the focus on ICT development has largely been concentrated in urban areas, we have therefore headed the call by His Excellency, the President of the Republic of Namibia, Hifikepunye Pohamba, when he said that we must make an effort to take ICT development to rural areas,” concludes Ekandjo.

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

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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.